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| Price $850,000 $899,870 | Built/Renov 2003 | Tenant Marathon |
| Cap Rate 7.41% 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,933
| Lease Start
08-18-2022
| #Units
8,331
|
| Price/SF $172.31 $182.42 | Expiration
08-17-2042
| Tenant Type Convenience/Gas |
| NOI $62,990 | R. Term 17.7 | Ownership Fee Simple |
| Rent/SF
$12.77
| Increases 3.0%/1/yrs | Pop 5Mi 6,536 |
| Lot/AC 1.06 | Options 4/5yrs/3% | AHHI 5Mi $68,216 |
| | |
Marathon is strategically located on Main Street, with access to 3,700 vehicles passing by daily. The property is situated near Lander University, which has 4,355 enrolled students, as well as Cokebury Hills Golf Course and the 11,000-acre Lake Greenwood for fishing and boating. Major employers in the area include Velux, FUJIFILM Manufacturing, USA, Self-Regional Healthcare, and Carolina Pride...
...Build to suit
Strategically located
Highway close
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Traded and rated company
Corporate Guarantee
Investment grade tenant
Marathon Petroleum Company (MPC) is an American petroleum refining, marketing and transportation company. The company operates the nation’s largest refining system. MPC’s marketing system includes...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 302 | 1,944 | 7,012 |
| 2024 Total Population : | 299 | 1,922 | 6,885 |
| 2024 Employed Civilian Pop : | 99 | 655 | 2,531 |
| 2024 Total Businesses : | 13 | 65 | 150 |
| 2024 Average Household Income : | $ 78,179 | $ 69,100 | $ 82,005 |
| 2024 Total Consumer Spending : | $ 8 M | $ 51 M | $ 205 M |
| 2024 Median Age : | 48 | 46 | 45 |
| 2024 Total Households : | 117 | 815 | 2,789 |
| 2024 Pop Age 25+: Bachelor's Degree : | 35 | 202 | 771 |
| 2024 Average Home Value : | $ 476,905 | $ 362,200 | $ 314,874 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US Hwy 178 N | Moorefield St | 2015 | 3,500 | 0.55 mi |
| Main St | 2022 | 3,600 | 0.63 mi | |
| Blue Jay Road | Cokesbury Rd | 2022 | 225 | 1.81 mi |
| Pow Rd | 2022 | 4,200 | 2.25 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
