Listed by Bang Realty, Friedman Real Estate
$2,966,000
Circle K (Corporate) - Sauk Rapids, MN
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,254
Pumps 2
Cap Rate 5.75%
NOI $170,579
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K, Holiday Stationstore (Circle-K)
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2033
Remaining Term 6.6
Rent Bumps Yes
Lease Options (2) Five-Year Options remaining through 2043
Class A
Year Built 1998
Year Renovated 2019
Acreage 1.090
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 02/28/2023
Ground Lease No
Sale Condition N/A
1423 2nd St N, Sauk Rapids, MN 56379
Investment highlights
- Fee Simple Absolute net lease (NNN) Investment featuring zero landlord responsibilities, providing true passive income
- Investment-grade credit tenant (S&P: BBB+) Holiday Stationstore is a subsidiary of Alimentation Couche-Tard
- Adjacent to US Route 10, located directly next to the on-ramp and off-ramp of the major Minnesota highway
- Strong 2.5% annual increases
- Tenant signed a new 10-Year lease in March of 2023 showing a continued long term commitment to this location
- This is the first time the property has been listed for sale by ownership
- Tenant has been operating out of this location since 1998
- (2) Five-Year Options remaining which would take this lease all the way to 2043
Listing Contacts
Listed by Bang Realty, Friedman Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$170,579.00
$14,214.92/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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