2 Locations

Coldwell Banker Commercial, NRT is pleased to present the rare opportunity to acquire a freestanding, absolute NNN (ground lease), BP to GO convenience store and gas station in the affluent Minneapolis suburb of Pine City, Minnesota. The property was previously operated as a Murphy USA convenience store and gas station, who recently sold the operations to all 9 of their locations in Minnesota to Monfort Companies (a growing convenience store operator with over 41 locations). Monfort is rebranding all locations to BP to GO. The property is strategically positioned at the entrance to a high-volume Walmart Supercenter that generates over 70,000 visitors per week. The property is located near Interstate 35, the most heavily trafficked thoroughfare in the market with over 30,000 vehicles per day. Situated as an outparcel to Walmart Supercenter, the property has excellent access and prominent visibility, and is positioned at the center of the trade area. Pine City is an affluent area with disposable income; average household income exceeds $79,000 in a 5-mile radius of the property. Newer construction asset and larger format, over 1,200 square foot store with 6 multiple pump dispensers (12 fueling pumps). Convenience stores have been designated an “essential business” by the Department of Homeland Security and this location remained open throughout the pandemic and will continue to remain open. This BP to GO opportunity generates “daily needs” business and has a stable consumer base, making it an excellent asset type to invest in. The lease is an absolute NNN lease with no landlord responsibilities whatsoever, creating a passive income stream for an investor.