Gas Station and Convenience
New
For Sale
Contact for pricing
1203 Blairs Ferry Road NE, Marion, IA 52302
Built-to-suit facility with fuel, diesel, prepared food, and convenience services under an absolute net lease.
Property Size4,940 SF
Lot Size1.66 Acres
Price / SF$688.06
Days on Market6
Property Features for 1203 Blairs Ferry Road NE
General Information
Standard status
Active
Size
4,940 SF
Lot size
1.66 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$254,919
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
ATM
propane
lottery
prepared food
convenience-store services
Building Details
Year Built
2011
Buildings
1
Tenancy
Single
Listing Agency:
Colliers - Royal Oak/Detroit, Michigan
Listed By:
Jordan Woodcock · License #MI 6501373633
Source:
Crexi
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 4 at 11:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
Built in 2011, the property includes an approximately 4,940-square-foot retail building on a 1.66-acre parcel. On-site operations include fuel pumps, diesel service, an ATM, propane, lottery offerings, prepared food, and convenience-store merchandise. The station operates seven days a week and is positioned at a signalized hard corner with access from Lindale and Blairs Ferry Road.
The asset is subject to the original 20-year absolute net lease, with four additional five-year extension options. The lease provides scheduled rent increases every five years, including during option periods, and assigns no landlord responsibilities. A full corporate guarantee from Maverik Group, LLC is also in place. The property is located near the I-380 and Blairs Ferry interchange at 1203 Blairs Ferry Road NE in Marion, Iowa.
The asset is subject to the original 20-year absolute net lease, with four additional five-year extension options. The lease provides scheduled rent increases every five years, including during option periods, and assigns no landlord responsibilities. A full corporate guarantee from Maverik Group, LLC is also in place. The property is located near the I-380 and Blairs Ferry interchange at 1203 Blairs Ferry Road NE in Marion, Iowa.
Key Highlights
- Approximately 4,940‑square‑foot retail building on 1.66 acres
- Original 20‑year absolute net lease with four successive five‑year options
- Full corporate guarantee from Maverik Group, LLC
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 52302, IA
43,130
Population
18,153
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
580
Density / Sq Mi
$87,463
Median Household Income
$50,234
Median Earnings
$963
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Built-to-suit facility with fuel, diesel, prepared food, and convenience services under an absolute net lease.
Where is this gas station located?
The property is located at 1203 Blairs Ferry Road NE Marion, IA.
What is the asking price?
The asking price for this property is $3,399,000.
What are key features of this property?
This property features: Approximately 4,940‑square‑foot retail building on 1.66 acres; Original 20‑year absolute net lease with four successive five‑year options; Full corporate guarantee from Maverik Group, LLC
