940 Evergreen Sq, Pine City, MN 55063
1,200 SF | Retail Building | Pine City, MN 55063 | $1,600,000 ($1,333/SF) | 5.68% Cap Rate
For Sale
Active
5 pictures
Asking Price $1,600,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 1,200 SF
- Price / Square Foot
- $1,333
Listing Contacts
Kristen Anilionis
Dave Drahn
- Property Info
Property Overview
• New 15 Year Absolute NNN Lease with Four 5-Year Options to Renew
• 10% Rent Increases Every 5 Years Throughout the Initial Term and in Each of the Option Periods
• Lease Guaranteed by Montfort Companies Parent Entity - Montfort is the Largest 7-Eleven
Franchisee and Growing C-Store Operator Under the BP Brand, Which Has a Strong Presence in Minnesota
• Convenience Stores Have Been Designated an "Essential Business" by the Department of Homeland Security
• C-Stores Generate "Daily Needs" Business and Have a Stable Consumer Base
• Fuel Profit Margins Have Increased Year Over Year
• Newer Construction Asset and Larger Format, 1,200 Square Foot Store with 6 Multiple Pump Dispensers (12 Fueling Pumps)
• Strategically Positioned at the Entrance to Walmart Supercenter with a Direct, Signalized Entrance
• The Only Walmart Within 30 Minutes
• Located Off Interstate 35 with Over 30,000 Vehicles Per Day
•Stretches from Canada to Mexico and is One of the Busiest Highways in the Nation
• Less Than Half a Mile from Pine Technical & Community College with More Than 700 Students Enrolled
• Situated 1 Mile from Pine City High School & Elementary Schools with over 1,600 Students & Faculty
• 10% Rent Increases Every 5 Years Throughout the Initial Term and in Each of the Option Periods
• Lease Guaranteed by Montfort Companies Parent Entity - Montfort is the Largest 7-Eleven
Franchisee and Growing C-Store Operator Under the BP Brand, Which Has a Strong Presence in Minnesota
• Convenience Stores Have Been Designated an "Essential Business" by the Department of Homeland Security
• C-Stores Generate "Daily Needs" Business and Have a Stable Consumer Base
• Fuel Profit Margins Have Increased Year Over Year
• Newer Construction Asset and Larger Format, 1,200 Square Foot Store with 6 Multiple Pump Dispensers (12 Fueling Pumps)
• Strategically Positioned at the Entrance to Walmart Supercenter with a Direct, Signalized Entrance
• The Only Walmart Within 30 Minutes
• Located Off Interstate 35 with Over 30,000 Vehicles Per Day
•Stretches from Canada to Mexico and is One of the Busiest Highways in the Nation
• Less Than Half a Mile from Pine Technical & Community College with More Than 700 Students Enrolled
• Situated 1 Mile from Pine City High School & Elementary Schools with over 1,600 Students & Faculty
Property Details
- Class
- B
- Year Built
- 2015
- Stories
- 1
- Property Subtype
- Service, Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 31,799 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].