For Sale
$15,250,000

4460 Fountain Hills DrPrior Lake, MN 55372

MN Convenience Stores, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a portfolio of three absolute triple-net (NNN) leased convenience stores and gas stations in Minnesota. The portfolio totals 22,700 square feet situated on 2.14 acres of land. Currently 100% occupied, the properties are branded as Holiday Stationstores, a well-known regional brand, and part of the Alimentation Couche-Tard/Circle K family of companies. Each location benefits from a strong corporate guarantee and a credit-rated tenant, minimizing landlord responsibilities. The current lease term extends to September 30, 2027, with two 5-year renewal options, each including a 13% rent increase. The portfolio generates a substantial net operating income (NOI) of $1,078,290, resulting in an attractive 7.07% cap rate. The asking price for this portfolio is $15,250,000. Beyond base rent, the investment includes performance-based rent, offering potential upside based on store performance. This portfolio represents a stable, low-maintenance investment with significant long-term growth potential in a strong economic region. The properties are located in Prior Lake, MN, and two other Minnesota markets. This is an absolute NNN lease, meaning the tenant is responsible for all property expenses, including taxes, insurance, and maintenance. Potential bonus depreciation may be available (consult your tax advisor).

Highlights

  • Triple-net (NNN) leased portfolio of three Holiday Stationstores in Minnesota, totaling 22,700 square feet on 2.14 acres.
  • Investment-grade credit tenant with strong corporate guarantee (Alimentation Couche-Tard/Circle K).
  • Current lease expires September 30, 2027, with two 5-year renewal options, each including a 13% rent increase.
  • $15,250,000 asking price with a 7.07% cap rate and $1,078,290 annual net operating income (NOI).
  • Performance-based rent provides potential upside.

Property Details for 4460 Fountain Hills Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
22,700 SF
Lot Size (sq. ft)
93,218 SF

Location Insight

City
Prior Lake
County
Scott
State
Minnesota
Latitude
44.745974216767
Longitude
-93.429847558412
4460 Fountain Hills Dr, Prior Lake, Minnesota

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4460 Fountain Hills Dr
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