Auto Service - Gas-Conv
Marathon Gas Station | Absolute-NNN Lease | ±19 Years Remaining
307 N State St, Fairmont, MN 56031
Listing Price: $1,515,467
Investment Overview
Marcus & Millichap is pleased to offer a Marathon-branded gas station and Quick Mart located along North State Street, one of Fairmont’s highest-traffic commercial corridors.? The property is secured by a long-term absolute-NNN lease with ±19 years remaining, providing investors with stable, passive income backed by KeyStone Retail and Affiliates, a seasoned 39-unit operator with strong performance across multiple markets.?
The site benefits from excellent visibility, ±11,687 VPD, and immediate access to Interstate 90, positioning it to capture both local residents and regional commuter traffic.? Located within Fairmont’s core retail node, the property is surrounded by national brands including Hy-Vee, Walgreens, Dollar Tree, Dunham’s, Burger King, O’Reilly Auto Parts, Subway, and Tractor Supply Co.? The tenant benefits from a proven operating location within a stable regional economy supported by healthcare, agriculture, manufacturing, and Fairmont’s chain of interconnected lakes.? With 2% annual rent increases, four 5-year renewal options, and potential eligibility for 100% bonus depreciation, this asset offers a compelling long-term net-lease investment.?
Marathon Gas Station | Absolute-NNN Lease | ±19 Years Remaining
Investment Highlights
- ?±19 Years Remaining on Absolute-NNN Lease
- ?2% Annual Rent Increases During Initial Lease Term and Options
- ?Potential for 100% Bonus Depreciation (Fee-Simple Asset)
- ?Large Scale ?Established & Successful Operator (39-Unit Guaranty)
- ?Clean Environmental Reports And Recent Survey On File
- ?Established Marathon Gas Station & Quick Mart
- ?Located Within Fairmont's Main Commercial Hub Surrounded By National Brands Including Hy-Vee, Walgreens, Dollar Tree, Dunham's, Burger King, O'Reilly Auto Parts, Subway, And Tractor Supply Co.
Auto Service - Gas-Conv
Marathon Gas Station | Absolute-NNN Lease | ±19 Years Remaining
Listing Price: $1,515,467
Investment Highlights
- ?±19 Years Remaining on Absolute-NNN Lease
- ?2% Annual Rent Increases During Initial Lease Term and Options
- ?Potential for 100% Bonus Depreciation (Fee-Simple Asset)
- ?Large Scale ?Established & Successful Operator (39-Unit Guaranty)
- ?Clean Environmental Reports And Recent Survey On File
- ?Established Marathon Gas Station & Quick Mart
- ?Located Within Fairmont's Main Commercial Hub Surrounded By National Brands Including Hy-Vee, Walgreens, Dollar Tree, Dunham's, Burger King, O'Reilly Auto Parts, Subway, And Tractor Supply Co.
Investment Overview
Marcus & Millichap is pleased to offer a Marathon-branded gas station and Quick Mart located along North State Street, one of Fairmont’s highest-traffic commercial corridors.? The property is secured by a long-term absolute-NNN lease with ±19 years remaining, providing investors with stable, passive income backed by KeyStone Retail and Affiliates, a seasoned 39-unit operator with strong performance across multiple markets.? The site benefits from excellent visibility, ±11,687 VPD, and immediate access to Interstate 90, positioning it to capture both local residents and regional commuter traffic.? Located within Fairmont’s core retail node, the property is surrounded by national brands including Hy-Vee, Walgreens, Dollar Tree, Dunham’s, Burger King, O’Reilly Auto Parts, Subway, and Tractor Supply Co.? The tenant benefits from a proven operating location within a stable regional economy supported by healthcare, agriculture, manufacturing, and Fairmont’s chain of interconnected lakes.? With 2% annual rent increases, four 5-year renewal options, and potential eligibility for 100% bonus depreciation, this asset offers a compelling long-term net-lease investment.?
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