Property profile

200 Hwy Medina, MN 55340

OFF-MARKET
Retail properties & Spaces
22,700 SF
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Total area 22,700 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Hwy Medina, MN 55340
Medina metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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