Property summary
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 prime Minnesota markets – Medina, Rockford, and Prior Lake – these properties are branded as Holiday Stationstores, a well-known regional brand under the Alimentation Couche-Tard/Circle K umbrella. Each store benefits from a 20-year lease, originally commencing October 1, 2007, with a remaining term of approximately 2.9 years. Crucially, the leases include two 5-year renewal options, each with a 13% rent increase. The current asking price is $15,250,000, representing a compelling price per square foot of $671.81 and a 7.07% cap rate. The portfolio boasts 100% occupancy and a strong net operating income (NOI) of $1,078,290. The investment-grade credit tenant provides significant security, and the structure includes performance rent, offering investors potential upside based on store performance. This is a passive investment opportunity with minimal landlord responsibilities, offering a stable and potentially lucrative return. The properties are situated in a robust economic region, benefiting from Minnesota's strong growth and the presence of a major oil refinery. This portfolio presents a rare chance to acquire a well-established, high-performing retail asset with significant long-term potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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