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 N Main Street, a key commuter and residential corridor in Pine Island, Minnesota. 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 39‑unit operator with a proven track record across multiple markets.
The site benefits from strong traffic exposure, immediate access to U.S. Highway 52, and proximity to major employers and national retailers including Land O’Lakes and Dollar General, supporting consistent consumer demand throughout the trade area. The tenant is completing a full BP rebranding and remodel entirely at their own expense, enhancing long‑term operational performance and positioning the property for sustained demand within this growing regional 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
- Strategic Pine Island Location Near U.S. Highway 52
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