BP Gas Station | Absolute-NNN Lease | ±19 Years Remaining
Fee-Simple | 2% Annual Rent Increases | 39-Unit Guaranty
Marketing description
Marcus & Millichap is pleased to offer a newly remodeled BP-branded fuel and convenience retail asset located along E River Rd NE, a key commuter and residential corridor in Rochester, 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 multi-unit operator.
The site benefits from strong traffic exposure, proximity to U.S. Highway 63, and immediate access to major economic anchors including the Mayo Clinic, University of Minnesota Rochester, IBM, and multiple residential neighborhoods. The tenant is completing a full BP conversion at their own expense, enhancing long-term operational performance and positioning the property for sustained consumer demand.
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
- Immediate Access to Major Economic Anchors Including: The Mayo Clinic, University Of Minnesota Rochester, and IBM
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