Marathon Gas Station NNN
For Sale
$1,545,776
307 N State St, Fairmont, MN 56031
Marathon-branded gas station and Quick Mart offered on an absolute NNN lease with 19 years remaining.
Property Size4,272 SF
Price / SF$361.84
Days on Market102
Property Features for 307 N State St
General Information
Standard status
Active
Size
4,272 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
NNN
Site & Location
Traffic Count
11,687 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
±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
Located Within Fairmont's Main Commercial Hub Surrounded By National Brands Including Hy-Vee, Walgreens, Dollar Tree, Dunham's, Burger King, O'Reilly Auto Parts, Subway, And Tractor Supply Co.
Building Details
Building Size
4,272 SF
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: May 27
Changed: Sep 4
Last Checked: Sep 4 at 2:03AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to offer a Marathon-branded gas station and Quick Mart located at 307 N State St in Fairmont, MN. The property is secured by a long-term absolute NNN lease with 19 years remaining, providing investors with stability backed by tenant Keystone Retail and Affiliates.
The site is positioned along North State Street, one of Fairmont’s highest-traffic commercial corridors, with 11,687 VPD and immediate access to Interstate 90. The property sits within the city’s core retail node, surrounded by national brands including Hy-Vee, Walgreens, Dollar Tree, Dunham’s, Burger King, O’Reilly Auto Parts, Subway, and Tractor Supply Co.
The lease includes 2% annual rent increases and four 5-year renewal options. The offering also notes potential eligibility for 100% bonus depreciation.
The site is positioned along North State Street, one of Fairmont’s highest-traffic commercial corridors, with 11,687 VPD and immediate access to Interstate 90. The property sits within the city’s core retail node, surrounded by national brands including Hy-Vee, Walgreens, Dollar Tree, Dunham’s, Burger King, O’Reilly Auto Parts, Subway, and Tractor Supply Co.
The lease includes 2% annual rent increases and four 5-year renewal options. The offering also notes potential eligibility for 100% bonus depreciation.
Key Highlights
- Marathon‑branded gas station and Quick Mart on a long‑term absolute NNN lease with 19 years remaining
- 11,687 VPD along North State Street with immediate access to Interstate 90 for local and commuter traffic
- Lease includes 2% annual rent increases and four 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
11,687 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 56031, MN
12,117
Population
5,771
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
156.3 sq mi
ZIP Area
78
Density / Sq Mi
$61,373
Median Household Income
$43,168
Median Earnings
$719
Median Rent
$175,600
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 - Marathon-branded gas station and Quick Mart offered on an absolute NNN lease with 19 years remaining.
Where is this gas station located?
The property is located at 307 N State St Fairmont, MN.
What is the asking price?
The asking price for this property is $1,545,776.
What are key features of this property?
This property features: Marathon‑branded gas station and Quick Mart on a long‑term absolute NNN lease with 19 years remaining; 11,687 VPD along North State Street with immediate access to Interstate 90 for local and commuter traffic; Lease includes 2% annual rent increases and four 5‑year renewal options
