7510 Hwy Greenfield, MN 55373
This exceptional investment opportunity presents a portfolio of three absolute triple-net (NNN) leased convenience stores and gas stations, totaling 22,700 square feet. Located in Minnesota, the portfolio boasts a 7.07% cap rate and a substantial net operating income (NOI) of $1,078,290. Each property is leased to a credit-rated tenant with a corporate guarantee, ensuring financial stability. The leases are structured as absolute NNN, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance. Currently operating under the Holiday Stationstores brand (part of the Circle K family), each location benefits from a 20-year lease initially commencing October 1, 2007, with 2 five-year renewal options at a 13% rent increase per option. The current remaining lease term is approximately 2.9 years. The portfolio offers significant upside potential through performance-based rent provisions. This is a 1031 exchange eligible property, presenting a compelling opportunity for investors seeking a secure, high-performing, and low-maintenance investment. The portfolio's strong tenant, robust lease terms, and attractive financial metrics make it an ideal addition to any diversified investment portfolio. The properties are situated in established markets within Minnesota, benefiting from a stable and growing economy. This portfolio offers a rare combination of security, profitability, and long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.