Established Operator with significant Gas/Convenience store experience
Well maintained storefront
Car Wash and vehicle detailing station
Excellent Ingress & Egress
Description
Holiday Blaine is an opportunity to acquire the fee simple interest in the real estate and improvements; subject to an Absolute Net-Lease to an established and highly reputable gas/convenience store operator for a term of 10+ years, expiring December 31, 2035. The terms of the lease require the tenant to cover the cost of all real estate taxes, insurance, property repair and maintenance, and the total replacement cost of all building and structural elements, parking lot, gas tanks, and other equipment. The lease structure is advantageous for an investor seeking long-term, predicable income. An investor may also benefit from other tax advantages, including 100% Bonus Deprecation.
Located on the west side of Central Avenue (Highway 65) and 129th Street in Blaine, MN. Surrounded by affluent residential housing and commercial development.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
