www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33460201
33460202

N5698 850th Street, Elk Mound, WI 54739

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,413,333
2 days on market
Updated 2 days ago

BP Gas Station | Absolute-NNN Lease | ±19 Years Remaining

Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 3,043
Net Rentable (SqFt) 3,043
Cap Rate 7.65%
NOI $108,120
Occupancy 100%
Tenancy Single
Brand/Tenant Shell, 76 Gas (+4)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/30/2045
Remaining Term 19.2
Rent Bumps Yes
Lease Options 4 x 5 Years
Year Built 2000
Year Renovated 2024
Acreage 1.000
Investment Type Net Lease
Lease Commencement 08/25/2025
Ground Lease No

Fee‑Simple | 2% Annual Rent Increases | 39‑Unit Guaranty

Marketing description

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.

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)
  • Established BP Gas Station & Convenience Store With Proven Consumer Demand
  • Strategic Western Wisconsin Location Along US‑12 and Immediately Off I‑94

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,120.00
$9,010.00/mo

Valuation Metrics

0
DSCR
7.65%
Cap Rate
7.65%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Todd Lindblom
License
56163-90
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591