Sinclair Branded C-Store

Retail / Posted 5 months ago by Keith Sturm, Upland Real Estate Group, Inc. / 126 views

  • Price : $2,329,655
  • Cap Rate : 7.25%
  • Net Operating Income : $168,900
  • Tenant : MN Store, LLC
  • Lease Type : NNN
  • Lease Term Remaining (Years) : 14 Years
  • Building Size (SF) : 4,336
  • Land Area (Acres) : 1.23
  • Year Built : 1998
  • 14 years remain on NNN lease, with 2% annual rent increases, and four 5-year renewal options.
  • The tenant on the lease is MN Store, LLC. They operate four Sinclair branded convenience stores located in Minnesota and Wisconsin. The Owners operate a combined total of 21 stores nationally, and have over 24 years of operation experience.
  • This location was recently re-branded to Sinclair. There are 1,300 Sinclair-branded gas stations owned by independent operators in 24 US states.
  • Located on Highway 70, the main traffic corridor, with traffic counts averaging 5,000 vehicles daily in front of the property.
  • Sinclair is located in the middle of town, on the main traffic Corridor. It is less than a half mile from the Burnett Medical Center.
  • Grantsburg is located about 78 miles northeast of the Minneapolis– St. Paul Metro Area.
  • Potential 100% Depreciation in Year 1: Please consult your tax advisor

108 W State Highway 70Grantsburg,Wisconsin,54840

Keith Sturm
Upland Real Estate Group, Inc.

612-332-6600

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