Closed Convenience Store with Gas plus Operating Subway Tenant. Store closed in 2023 as a result of Mountain Express Bankruptcy and lease termination.
Sale Information
Bid Deadline
May 14, 2024
Cooperating Broker Fee
2%
Property Information
Property Ownership
Fee
County
Stearns
Zip Code
56352
Approx. Lot Size
36,757 sf
Approx. Building Size
4,388 sf
Year Built
1987
2023 Property Taxes
$10,972
Zoning
C-2: Commercial Highway
Financial Disclosure
No reliable operating or financial data exists from the former tenant
Fuel Supply and Branding
Sold without fuel or branding contracts or obligations
Tenant Information
Tenant Name / Concept
Subway
Rent Amount
Percentage Rent (see PSP). Total rent paid in 2023 was $21,888.
Current Expiration Date
May 31, 2025
Renewal Options
Two 3-year Options
Final Expiration Date
May 31, 2031
Underground Storage Tank Information
Number of Tanks
4
Tank Construction
Steel, Single Wall
Tank Install Date
Approx. Install Date 05/09/1987
Property Inspection
Inspection of the vacant c-store space will be made by appointment only. Contact NRC at (800) 747-3342 ext. 2402 to coordinate.
Submitting An Offer
To submit an offer, sign the Confidentialiaty Agreement and then download the Property Specific Package ("PSP") file below and complete the Letter of Intent form included. When complete, email your signed offer to salesteam@nrc.com by or before the Bid Deadline date.
Broker Information
Sale conducted in conjunction with Jared English, Broker, Lic. # 40620469
Disclaimer
Although information has been obtained from sources deemed reliable, NRC Realty & Capital Advisors, LLC, the Seller, and/or its representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Properties without expressed or implied warranty of any kind. Lot and building sizes are approximate. Properties may be withdrawn at any time without notice.
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