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BP Gas Station

2046 2nd Ave SE, Cambridge, MN 55008

Listing Price: $2,314,000

Cap Rate
5.35%
Tenant Name
BP
Years Remaining On Lease
13.1
Guarantor
Franchisee Guarantee
Rentable SF
257
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$481.69

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the BP Gas Station located at 2046 2nd Ave SF in Cambridge, Minnesota. The property consists of roughly 257 rentable square feet of building space on an estimated 0.68-acre parcel of land. This BP Gas Station is subject to a new 15-year Absolute Triple-Net lease that commenced on June 16, 2020. The initial rent is $123,794 with 10%increases every five years. The lease is guaranteed by both 7E CO Minnesota, LLC and 7E CO Holdings LLC, which are entities operated by the Monfort Companies. The Monfort family are the owners of the Colorado Rockies and are extremely wealthy and respected investors in the state of Colorado. In addition to the primary lease, the tenant has three, five-year tenant renewal options.

Investment Highlights

  • The Property is Subject to a 15-Year Triple-Net Lease with 13.5 Years Remaining on the Lease
  • Strong Rent Increases of 10% Every Five Years
  • The Tenant, an Entity of The Monfort Companies, Operates 54 7-Eleven Properties in Colorado, Texas, Minnesota, and Wisconsin

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Auto Service - Gas-Conv

BP Gas Station

Listing Price: $2,314,000

Cap Rate
5.35%
Tenant Name
BP
Years Remaining On Lease
13.1
Guarantor
Franchisee Guarantee
Rentable SF
257
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$481.69

Investment Highlights

  • The Property is Subject to a 15-Year Triple-Net Lease with 13.5 Years Remaining on the Lease
  • Strong Rent Increases of 10% Every Five Years
  • The Tenant, an Entity of The Monfort Companies, Operates 54 7-Eleven Properties in Colorado, Texas, Minnesota, and Wisconsin

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the BP Gas Station located at 2046 2nd Ave SF in Cambridge, Minnesota. The property consists of roughly 257 rentable square feet of building space on an estimated 0.68-acre parcel of land. This BP Gas Station is subject to a new 15-year Absolute Triple-Net lease that commenced on June 16, 2020. The initial rent is $123,794 with 10%increases every five years. The lease is guaranteed by both 7E CO Minnesota, LLC and 7E CO Holdings LLC, which are entities operated by the Monfort Companies. The Monfort family are the owners of the Colorado Rockies and are extremely wealthy and respected investors in the state of Colorado. In addition to the primary lease, the tenant has three, five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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