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BP-to-Go | 15 Yr Abs NNN Sale Leaseback

2046 2nd Ave Southeast, Cambridge, MN 55008

Listing Price: $2,540,000

Cap Rate
5.00%
Tenant Name
BP-to-Go
Gross SF
257
Guarantor
Franchisee Guarantee
Rentable SF
257
Price/Gross SF
$9,883.27
Lease Type
Absolute Net
Rent Per Square Feet
$494.16

Investment Overview

Marcus & Millichap is pleased to offer a sale-leaseback opportunity for BP-to-Go currently on an absolute triple net (NNN) lease that commenced in June 2020 and has 15 years remaining. The lease features 7.5% increases every five years and four (4) 5-year renewal options.

Investment Highlights

  • Sale-Leaseback Opportunity for New 15-Year Absolute Triple Net (NNN) Lease
  • Lease Guaranteed by 53 Unit Fuel Station and C-Store Operator
  • Ideally Located Pad Site to Walmart Supercenter and Menards
  • BP-to-Go Concept

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Auto Service - Gas-Conv

BP-to-Go | 15 Yr Abs NNN Sale Leaseback

Listing Price: $2,540,000

Cap Rate
5.00%
Tenant Name
BP-to-Go
Gross SF
257
Guarantor
Franchisee Guarantee
Rentable SF
257
Price/Gross SF
$9,883.27
Lease Type
Absolute Net
Rent Per Square Feet
$494.16

Investment Highlights

  • Sale-Leaseback Opportunity for New 15-Year Absolute Triple Net (NNN) Lease
  • Lease Guaranteed by 53 Unit Fuel Station and C-Store Operator
  • Ideally Located Pad Site to Walmart Supercenter and Menards
  • BP-to-Go Concept

Investment Overview

Marcus & Millichap is pleased to offer a sale-leaseback opportunity for BP-to-Go currently on an absolute triple net (NNN) lease that commenced in June 2020 and has 15 years remaining. The lease features 7.5% increases every five years and four (4) 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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