4460 Fountain Hills Dr Prior Lake, MN 55372

Property Details for 4460 Fountain Hills Dr

Lot size

2.14 lot acres

Property size

22,700 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a portfolio of three absolute triple-net (NNN) leased convenience stores and gas stations in Minnesota. The portfolio totals 22,700 square feet situated on 2.14 acres of land. Currently 100% occupied, the properties are branded as Holiday Stationstores, a well-known regional brand, and part of the Alimentation Couche-Tard/Circle K family of companies. Each location benefits from a strong corporate guarantee and a credit-rated tenant, minimizing landlord responsibilities. The current lease term extends to September 30, 2027, with two 5-year renewal options, each including a 13% rent increase. The portfolio generates a substantial net operating income (NOI) of $1,078,290, resulting in an attractive 7.07% cap rate. The asking price for this portfolio is $15,250,000. Beyond base rent, the investment includes performance-based rent, offering potential upside based on store performance. This portfolio represents a stable, low-maintenance investment with significant long-term growth potential in a strong economic region. The properties are located in Prior Lake, MN, and two other Minnesota markets. This is an absolute NNN lease, meaning the tenant is responsible for all property expenses, including taxes, insurance, and maintenance. Potential bonus depreciation may be available (consult your tax advisor).

Location Insight

City

Prior Lake

County

Scott

State

Minnesota

Longitude

-93.4298

Latitude

44.746