Shell - Net Lease Property for Sale
Fairmont, MN
Key Investment Metrics
Price
$971,429
Cap Rate
7.3%
Net Operating Income
$71,400
Building Size
1992 SF
Lot Size
1,992 SF
Land Area
0.33 Acres
Remaining Term
19.1 years
Lease Expiration
08/31/2045
Lease Term
20 years
Lease Commencement
08/26/2025
Lease Type
Absolute NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
2% Annually
About This Shell Net Lease Property
This Shell NNN (triple net lease) property is located in Fairmont, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 1992 square feet of building space.
With a cap rate of 7.3%, this Shell net lease property offers stable income potential. The asking price is $971,429, making it an attractive option for 1031 exchange investors seeking quality Shell commercial properties.
Why Invest in Shell NNN Properties?
- Stable Income: Shell net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Shell 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 Shell property benefits from strong local demographics and market fundamentals. The Fairmont area offers excellent visibility and accessibility, making it an ideal location for Shell operations and a solid investment for net lease property buyers.