Marathon Gas Station NNN
307 N State St Fairmont, MN 56031
307 N State St, Fairmont, MN, 56031
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For Sale
Contact for pricing
Marathon-branded gas station and Quick Mart offered on an absolute NNN lease with 19 years remaining.
Property Size4,272 SF
Price / SF$354.74
Days on Market58
Property Features for 307 N State St
General Information
- Standard status
- Active
- Size
- 4,272 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing agency
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed by
Jason Fefer · License #CA 02100489
Source
Crexi
Added: May 26 Updated: Jul 22 at 9:35AM Checked: Jul 22 at 9:35AM
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
Location Intelligence
Current Use by Public Records
Speedway
Gas Station
ATM
Atm
Superamerica
Gas Station
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FAQs
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 $1,515,467.
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
