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BP Gas Station | Absolute-NNN Lease N5698 850th St 3,043 SF Retail Building Elk Mound, WI 54739 $1,385,621 ($455.35/SF) 7.65% Cap Rate
Investment Highlights
- ?±19 Years Remaining on Absolute-NNN Lease
- ?Potential for 100% Bonus Depreciation (Fee-Simple Asset)
- ?Established BP Gas Station & Convenience Store With Proven Consumer Demand
- ?2% Annual Rent Increases During Initial Lease Term and Options
- ?Large Scale ?Established & Successful Operator (39-Unit Guaranty)
- ?Strategic Western Wisconsin Location Along US-12 and Immediately Off I-94
Executive Summary
Marcus & Millichap is pleased to present a recently renovated BP-branded fuel and convenience retail asset located along 850th Street near US-12, with immediate access to Interstate 94, one of Western Wisconsin’s primary east-west transportation corridors.? The property is secured by a long-term absolute-NNN lease with approximately 19 years remaining, offering investors stable, passive income backed by KeyStone Retail and Affiliates, a proven 39-unit operator.?
The site benefits from strong visibility, easy ingress/egress, and consistent traffic generated by regional commuter flow, local residential demand, and surrounding agricultural activity.? Positioned minutes from Eau Claire and Menomonie, the location is supported by major employment drivers and a growing regional trade area.? The tenant has recently completed a full BP operational conversion, enhancing long-term performance and aligning the property with a globally recognized fuel and convenience brand.
The site benefits from strong visibility, easy ingress/egress, and consistent traffic generated by regional commuter flow, local residential demand, and surrounding agricultural activity.? Positioned minutes from Eau Claire and Menomonie, the location is supported by major employment drivers and a growing regional trade area.? The tenant has recently completed a full BP operational conversion, enhancing long-term performance and aligning the property with a globally recognized fuel and convenience brand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,043 SF
Building Class
B
Year Built
2000
Price
$1,385,621
Price Per SF
$455.35
Cap Rate
7.65%
NOI
$106,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Parking
10 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
125’ on 850th St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 1700822811282200006 | Improvements Assessment | $161,200 |
| Land Assessment | $25,000 | Total Assessment | $186,200 |
Property Taxes
Parcel Number
1700822811282200006
Land Assessment
$25,000
Improvements Assessment
$161,200
Total Assessment
$186,200
Contacts
-
Tyler Bindi -
Jeni Tran -
Jason Fefer -
Robert Narchi -
Todd Lindblom -
Marcus & Millichap
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BP Gas Station | Absolute-NNN Lease | N5698 850th St
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