Auto Service - Gas-Conv
BP Gas Station
2046 2nd Ave SE, Cambridge, MN 55008
Listing Price: $2,314,000
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.
BP Gas Station
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
Broker of Record
Listing Price: $2,314,000
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
Broker of Record
