Marathon Gas Station - Net Lease Property for Sale
Fairmont, MN
Key Investment Metrics
Price
$1,545,776
Cap Rate
7.5%
Net Operating Income
$115,933
Building Size
4272 SF
Lot Size
4,272 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
About This Marathon Gas Station Net Lease Property
This Marathon Gas Station NNN (triple net lease) property is located in Fairmont, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 4272 square feet of building space and was built in 1963.
With a cap rate of 7.5%, this Marathon Gas Station net lease property offers stable income potential. The asking price is $1,545,776, making it an attractive option for 1031 exchange investors seeking quality Marathon Gas Station commercial properties.
Why Invest in Marathon Gas Station NNN Properties?
- Stable Income: Marathon Gas Station net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Marathon Gas Station is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Fairmont, MN Market Overview
Located in Fairmont, MN, this Marathon Gas Station property benefits from strong local demographics and market fundamentals. The Fairmont area offers excellent visibility and accessibility, making it an ideal location for Marathon Gas Station operations and a solid investment for net lease property buyers.