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307 N State St
Fairmont, MN 56031

$1,545,776 USD

Convenience Store For Sale  •  4,272 SF

Property Details

• Property Type Convenience Store
• Total Building Size 4,272 SF
• Lot Size 0.87 AC
• Building Class B
• Year Built 1963
• Cap Rate 7.50 %
• Tenancy Single

40 Walk Score

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

Established Marathon Gas Station & Quick Mart

Property Flyers

OM - Marathon - 307 N State St, Fairmont, MN 56031

Cap Rate:

7.50 %