Holiday Stationstore NNN Retail
For Sale
$2,966,000
1423 2nd St N, Sauk Rapids, MN 56379
Absolute net lease structure with a long-term operating commitment from an established convenience-store tenant.
Property Size5,254 SF
Days on Market90
Property Features for 1423 2nd St N
General Information
Standard status
Active
Size
5,254 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
5,254 SF
Year Built
1998
Year Renovated
2019
Tenancy
Single
Listing Agency:
Friedman Real Estate
(248) 848-4113
Listed By:
Marc Hildenbrand
Source:
Friedmanrealestate
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 10:58AM
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 Friedman Real Estate
Investment Insights
Based on property information with market context.
This NNN retail property is occupied by Holiday Stationstore, a subsidiary of Alimentation Couche-Tard. The tenant has operated at the location since 1998 under an absolute net lease with zero landlord responsibilities. A new 10-Year lease was signed in March 2023, with two Five-Year Options remaining and a potential lease term extending through 2043.
The property is positioned adjacent to US Route 10 and next to the highway’s on-ramp and off-ramp in Sauk Rapids, Minnesota. Lease economics include 2.5% annual increases, while the tenant carries an S&P BBB+ credit rating. The building was constructed in 1998.
The property is positioned adjacent to US Route 10 and next to the highway’s on-ramp and off-ramp in Sauk Rapids, Minnesota. Lease economics include 2.5% annual increases, while the tenant carries an S&P BBB+ credit rating. The building was constructed in 1998.
Key Highlights
- Absolute net lease with zero landlord responsibilities
- Holiday Stationstore has operated at the property since 1998
- New 10‑Year lease signed in March 2023
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 56379, MN
17,467
Population
7,356
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
95%
High-School Grad
89.4 sq mi
ZIP Area
195
Density / Sq Mi
$71,964
Median Household Income
$47,105
Median Earnings
$972
Median Rent
$251,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute net lease structure with a long-term operating commitment from an established convenience-store tenant.
Where is this nnn property located?
The property is located at 1423 2nd St N Sauk Rapids, MN.
What is the asking price?
The asking price for this property is $2,966,000.
What are key features of this property?
This property features: Absolute net lease with zero landlord responsibilities; Holiday Stationstore has operated at the property since 1998; New 10‑Year lease signed in March 2023
