Marathon Gas Station NNN
For Sale
Contact for pricing
307 North State Street, 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 Market95
Property Features for 307 North State Street
General Information
Standard status
Active
Size
4,272 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$115,933
Site & Location
Traffic Count
11,687 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1963
Year Renovated
2026
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Jason Fefer · License #CA 02100489
Source:
Crexi
Added: May 27
Changed: Aug 26
Last Checked: Aug 24 at 8:54PM
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 North State Street 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
