Marathon Gas Station for Sale in Fairmont, MN
Fairmont, MN
Key Investment Metrics
Price
$1,545,776
Cap Rate
7.5%
Net Operating Income
$115,933
Building Size
4272 SF
Land Area
0.86 Acres
Remaining Term
19.1 years
Lease Expiration
08/30/2045
Lease Term
20 years
Lease Commencement
08/25/2025
Lease Type
Absolute NNN
Year Built
1963
Occupancy
100%
Tenancy
Single
Rent Increases
2% Annually
Property overview
Marathon Gas Station in Fairmont
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,272 SF
- Land area
- 0.86 acres
- Year built
- 1963
- Lease type
- Absolute NNN
- Lease expiration
- 08/30/2045
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.