BP Gas Station | Absolute-NNN Lease | ±19 Years Remaining
Fee‑Simple | 2% Annual Rent Increases | 39‑Unit Guaranty | Tenant‑Funded BP Remodel
Marketing description
Marcus & Millichap is pleased to offer a newly remodeled BP-branded fuel and convenience retail asset located along Mill Street (CR-34), a primary local thoroughfare serving Brownsdale and the surrounding Southern Minnesota trade area. The property is secured by a long-term absolute-NNN lease with ±19 years remaining, providing investors with stable, passive income backed by KeyStone Retail and Affiliates, an established multi-unit operator with a proven track record across 39 locations.
The site benefits from consistent daily traffic generated by local residential neighborhoods, agricultural activity, and regional commuter routes, with immediate connectivity to Interstate 90 and the nearby Austin, MN employment base. The tenant is completing a full BP conversion at their own expense, enhancing long-term operational performance and positioning the property to serve sustained consumer demand within this established rural-suburban corridor.
Investment highlights
- ±19 Years Remaining on Absolute-NNN Lease
- 2% Annual Rent Increases During Initial Lease Term and Options
- Potential for 100% Bonus Depreciation (Fee-Simple Asset)
- Large Scale Established & Successful Operator (39-Unit Guaranty)
- Clean Environmental Reports And Recent Survey On File
- Site Is Currently Undergoing A Rebranding To BP Entirely At Tenant's Expense
- Proximity to Key Regional Drivers, Including Austin’s Employment Base, Hormel Foods, Mayo Clinic Health System – Austin and Riverland Community College
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