Holiday Stationstores Portfolio
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Holiday Stationstores Portfolio
3 Retail Properties Offered at $15,250,000 in Multiple Locations
Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- Performance rent gives investors upside when the store performs well
- May be eligible for bonus depreciation (consult your CPA)
- Investment Grade Credit Tenant
- 13% Increase in base rent each option
Executive Summary
Inventure Real Estate is pleased to offer this Absolute NNN Holiday Stationstores Portfolio in Minnesota (Part of Circle K Family of Stores). This portfolio is comprised of 3 properties located in the following markets in Minnesota: Rockford, MN, Medina, MN and Prior Lake, MN. All three stores are branded Holiday Stationstores, which is a well known local brand name in Minnesota. Each property has 3.5 years remaining on their lease with 2 5-year renewal options remaining with 13% increases each option. In addition to receiving base rent each month, the owner also enjoys some upside through the collection of performance rent.
Minnesota is the second largest economic center in the Midwest only behind Chicago. Over the last 12 years, Minnesota has grown 7.6%, which is in line with the national population growth in the greater United States. In addition, Minnesota is home to the largest oil refinery located in a non-oil producing state.
Holiday Stationstores is owned by parent company, Alimentation Couche-Tard, who also owns the well known brand, Circle K. Combined they operate over 14,000 convenience store locations globally and over 7,000 of those are in the United States. Holiday Stationstores itself is a chain with over 500 locations in 10 states.
Minnesota is the second largest economic center in the Midwest only behind Chicago. Over the last 12 years, Minnesota has grown 7.6%, which is in line with the national population growth in the greater United States. In addition, Minnesota is home to the largest oil refinery located in a non-oil producing state.
Holiday Stationstores is owned by parent company, Alimentation Couche-Tard, who also owns the well known brand, Circle K. Combined they operate over 14,000 convenience store locations globally and over 7,000 of those are in the United States. Holiday Stationstores itself is a chain with over 500 locations in 10 states.
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- Offering Memorandum
Property Facts
| Price | $15,250,000 | Number of Properties | 3 |
| Price / SF | $1,035 / SF | Individually For Sale | 0 |
| Cap Rate | 7.07% | Total Building Size | 14,741 SF |
| Sale Type | Investment NNN | Total Land Area | 5.57 AC |
| Status | Active |
| Price | $15,250,000 |
| Price / SF | $1,035 / SF |
| Cap Rate | 7.07% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,741 SF |
| Total Land Area | 5.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 200 Highway 55, Medina, MN 55340 | Retail | 6,600 SF | 1998 | - |
| 4460 Fountain Hills Dr NE, Prior Lake, MN 55372 | Retail | 5,080 SF | 2002 | - |
| 7510 Highway 55, Rockford, MN 55373 | Retail | 3,061 SF | 2005 | - |
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Holiday Stationstores Portfolio
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