Gas Station with Highway 65
23705 Hwy 65 NE East Bethel, MN 55005
For Sale
Contact for pricing
High-visibility corner gas station on Highway 65 with multiple access points and traffic counts exceeding 21,000 vehicles per day.
Property Size3,585 SF
Price / SF$495.12
Days on Market25
Property Features for 23705 Hwy 65 NE
General Information
Standard status
Active
Size
3,585 SF
Property subtype
RETAIL
Listing Agency:
Brisky Net Lease
(715) 529-4441
Listed By:
Brian Brisky · License #40546562
(715) 529-4441
Source:
Moodyscre
Added: Jul 6
Changed: Jul 30
Last Checked: Jul 30 at 5:53AM
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 Brisky Net Lease
Investment Insights
Based on property information with market context.
Gas station for sale with an Absolute NNN structure secured by a new 15-year NNN lease featuring 2% annual rent increases. The property totals 3,585 SF and is positioned for strong daily demand from passing motorists.
Set on a prominent corner lot, the site offers multiple points of access and exceptional visibility along Highway 65, a heavily traveled north–south commuter corridor connecting the Twin Cities metro to northern suburbs. The property is directly along Highway 65 and adjacent to a park-and-ride facility, supporting consistent commuter exposure.
The offering also cites strong market fundamentals, including approximately 2.7% vacancy in the Minneapolis market and 2.9% vacancy in the Coon Rapids submarket. East Bethel is described as an established bedroom community about 30 miles north of Minneapolis, supported by steady residential growth and household demographics.
Set on a prominent corner lot, the site offers multiple points of access and exceptional visibility along Highway 65, a heavily traveled north–south commuter corridor connecting the Twin Cities metro to northern suburbs. The property is directly along Highway 65 and adjacent to a park-and-ride facility, supporting consistent commuter exposure.
The offering also cites strong market fundamentals, including approximately 2.7% vacancy in the Minneapolis market and 2.9% vacancy in the Coon Rapids submarket. East Bethel is described as an established bedroom community about 30 miles north of Minneapolis, supported by steady residential growth and household demographics.
Key Highlights
- New 15‑year Absolute NNN lease with 2% annual rent increases
- High‑visibility corner lot with multiple points of access
- Direct Highway 65 frontage with traffic counts exceeding 21,000 vehicles per day
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $21.00 |
| − Vacancy | −$4.5k | −$1.26 |
| EGI | $70.8k | $19.74 |
| − OpEx | −$17.7k | −$4.94 |
| NOI | $53.1k | $14.81 |
3,585 SF · lease $21.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$758.2K
$663.5K – $884.6K
NOI $53,076 @ 7.0% cap · market cap 2.99%
Second Best
Retail
$630.8K
$551.9K – $735.9K
NOI $44,154 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$855.3K
$748.4K – $997.9K
NOI $59,871 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - High-visibility corner gas station on Highway 65 with multiple access points and traffic counts exceeding 21,000 vehicles per day.
Where is this gas station located?
The property is located at 23705 Hwy 65 NE East Bethel, MN.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: New 15‑year Absolute NNN lease with 2% annual rent increases; High‑visibility corner lot with multiple points of access; Direct Highway 65 frontage with traffic counts exceeding 21,000 vehicles per day
