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Sinclair Gas Station

1109 3rd Ave E, Alexandria, MN 56308

Listing Price: $960,000

Tenant Name
Sinclair Gas Station
Years Remaining On Lease
6.7
Gross SF
1,418
Guarantor
Corporate Guarantee
Rentable SF
1,418
Price/Gross SF
$677.01
Lease Type
Absolute Net

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review Sinclair Gas Station’s in Alexandria & Nelson, Minnesota. The Alexandria building sits on the North end of the town, which is one hour West of St. Cloud, MN. The Nelson property is strategically located on CR 82, one of the main roads leading through Alexandria, with easy access to downtown. The Nelson location is located just 5 miles East of the Alexandria location. Alexandria is an established community and is known as a vacation destination. Alexandria is a hot spot for tourism due to the chain of hundreds lakes it sits on, the resorts that reside there, events that they host, and their community. During the summer, Alexandria’s population triples in size from 14,300+ to 43,000+ as lake houses refill with retirees and families as stated in “Minnesota Monthly”. The RCC Expansion has also helped to boost the volume of visitors. The expansion included finishing the NorthStar Sports Complex which has allowed it to host an additional 40-50 teams per season which equates to $1.4 million to a $3.3 million economic impact. Tourism events include the Grape Stomp, held by the local Carlos Creek Winery. This is a team competition where over 300 teams enter for the chance to be grand champions while tourists visit to enjoy vendors and the atmosphere of The Biggest Grape Stomp in the Country. Another event includes the Vikingland Band Festival which is a marching band competition that landmark that Alexandria locals are proud of, and visitors are sure to visit is The Big Ole, a 28-foot-tall Viking statue that is also deemed as “America’s Biggest Viking”. According to “Explore Minnesota” the leisure and hospitality industries account for just under a $106 million increase over the summer months, and an additional 2,257 people were employed in leisure and hospitality jobs. It was also named a “Top 10 Best Small Town” by the Livability website. With the University of Minnesota located in the Twin Cities, Alexandria is also host to one of several University of Minnesota extension locations, allowing people to have access to the university’s education in a small-town atmosphere. The property is surrounded by a number of traffic drivers including Caribou Coffee, Wells Fargo, Elden’s Fresh Foods, Goodwill, Ace Hardware, Cash Wise, Dairy Queen, McDonalds, Henry’s Foods, Casey’s Amusement Park, and several other retailers. With a growing population of 14,335, Alexandria is fixture in Minnesota for Tourism. With having the many lakes and resorts in close proximity, coupled with the rise in traffic every year because it’s a vacation destination, this Alexandria property would be hard to pass.

Investment Highlights

  • The Alexandria Location is Located on 3rd Ave (18,000+ VPD) | Nelson Location is Positioned off of County Rd 82 (7,500VPD) | Both Locations Receive Great Exposure | Locations only 5 Miles Apart
  • Alexandria's Population is 14,335 with a Yearly Rise to 43,000+ Due to Tourism Traffic | Both Locations have an Avg HH Income of $83,000-$85,000+ within a 3-5 Radius
  • Alexandria Hosts the Grape Stomp | Includes over 600 people Competing, Thousands of Visitors, and is the Largest Grape Stomping Event in the Country
  • The Vikingland Band Festival is Held Every Last Sunday in June in Alexandria | A Tradition Since 1985 |The Midwest's Biggest and Most Prestigious Summer Marching Band Competition
  • Constant Summer Draw Due to the Lakes and Resorts | Alexandria Offers 300+ Lakes, Hundreds of Miles of Trails, Public Beaches, Parks & Byways
  • "Top 10 Best Small Towns" dubbed by www.livability.com
  • University of Minnesota: Extension Location | One of the Nation's 100+ Land Grant Colleges and Universities with a Mission to Engage in Teaching, Research, and Extension
  • NorthStar Sports Complex | Built in 2018 | 70,000SF Complex Including and Ice Rink, Fieldhouse & Chapel, Indoor Soccer Fields, and Space for Other Recreational Sports

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Auto Service - Gas-Conv

Sinclair Gas Station

Listing Price: $960,000

Tenant Name
Sinclair Gas Station
Years Remaining On Lease
6.7
Gross SF
1,418
Guarantor
Corporate Guarantee
Rentable SF
1,418
Price/Gross SF
$677.01
Lease Type
Absolute Net

Investment Highlights

  • The Alexandria Location is Located on 3rd Ave (18,000+ VPD) | Nelson Location is Positioned off of County Rd 82 (7,500VPD) | Both Locations Receive Great Exposure | Locations only 5 Miles Apart
  • Alexandria's Population is 14,335 with a Yearly Rise to 43,000+ Due to Tourism Traffic | Both Locations have an Avg HH Income of $83,000-$85,000+ within a 3-5 Radius
  • Alexandria Hosts the Grape Stomp | Includes over 600 people Competing, Thousands of Visitors, and is the Largest Grape Stomping Event in the Country
  • The Vikingland Band Festival is Held Every Last Sunday in June in Alexandria | A Tradition Since 1985 |The Midwest's Biggest and Most Prestigious Summer Marching Band Competition
  • Constant Summer Draw Due to the Lakes and Resorts | Alexandria Offers 300+ Lakes, Hundreds of Miles of Trails, Public Beaches, Parks & Byways
  • "Top 10 Best Small Towns" dubbed by www.livability.com
  • University of Minnesota: Extension Location | One of the Nation's 100+ Land Grant Colleges and Universities with a Mission to Engage in Teaching, Research, and Extension
  • NorthStar Sports Complex | Built in 2018 | 70,000SF Complex Including and Ice Rink, Fieldhouse & Chapel, Indoor Soccer Fields, and Space for Other Recreational Sports

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review Sinclair Gas Station’s in Alexandria & Nelson, Minnesota. The Alexandria building sits on the North end of the town, which is one hour West of St. Cloud, MN. The Nelson property is strategically located on CR 82, one of the main roads leading through Alexandria, with easy access to downtown. The Nelson location is located just 5 miles East of the Alexandria location. Alexandria is an established community and is known as a vacation destination. Alexandria is a hot spot for tourism due to the chain of hundreds lakes it sits on, the resorts that reside there, events that they host, and their community. During the summer, Alexandria’s population triples in size from 14,300+ to 43,000+ as lake houses refill with retirees and families as stated in “Minnesota Monthly”. The RCC Expansion has also helped to boost the volume of visitors. The expansion included finishing the NorthStar Sports Complex which has allowed it to host an additional 40-50 teams per season which equates to $1.4 million to a $3.3 million economic impact. Tourism events include the Grape Stomp, held by the local Carlos Creek Winery. This is a team competition where over 300 teams enter for the chance to be grand champions while tourists visit to enjoy vendors and the atmosphere of The Biggest Grape Stomp in the Country. Another event includes the Vikingland Band Festival which is a marching band competition that landmark that Alexandria locals are proud of, and visitors are sure to visit is The Big Ole, a 28-foot-tall Viking statue that is also deemed as “America’s Biggest Viking”. According to “Explore Minnesota” the leisure and hospitality industries account for just under a $106 million increase over the summer months, and an additional 2,257 people were employed in leisure and hospitality jobs. It was also named a “Top 10 Best Small Town” by the Livability website. With the University of Minnesota located in the Twin Cities, Alexandria is also host to one of several University of Minnesota extension locations, allowing people to have access to the university’s education in a small-town atmosphere. The property is surrounded by a number of traffic drivers including Caribou Coffee, Wells Fargo, Elden’s Fresh Foods, Goodwill, Ace Hardware, Cash Wise, Dairy Queen, McDonalds, Henry’s Foods, Casey’s Amusement Park, and several other retailers. With a growing population of 14,335, Alexandria is fixture in Minnesota for Tourism. With having the many lakes and resorts in close proximity, coupled with the rise in traffic every year because it’s a vacation destination, this Alexandria property would be hard to pass.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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