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| Price $644,114 | Built/Renov 2000 | Tenant Marathon |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,400
| Lease Start
12-22-2022
| #Units
8,331
|
| Price/SF $268.38 | Expiration
12-21-2042
| Tenant Type Convenience/Gas |
| NOI $45,088 | R. Term 18.0 | Ownership Fee Simple |
| Rent/SF
$18.79
| Increases 3.0%/1/yrs | Pop 5Mi 17,713 |
| Lot/AC 1.64 | Options 4/5yrs/3% | AHHI 5Mi $56,952 |
| | |
Marathon is strategically located on West Main Street, with access to 2,200 vehicles passing by daily. The property is conveniently situated near Presbyterian College, which has 893 enrolled students, and Piedmont Technical College. The vicinity includes numerous apartment complexes, such as Colony Square Apartments, Tribble Street Apartments, Jacobs Press Apartments, and more. The immediate...
...Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Long 15+ yr lease
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 : | 4,543 | 11,436 | 14,303 |
| 2024 Total Population : | 4,581 | 11,456 | 14,320 |
| 2024 Employed Civilian Pop : | 2,007 | 4,783 | 5,797 |
| 2024 Total Businesses : | 184 | 433 | 535 |
| 2024 Average Household Income : | $ 65,324 | $ 68,599 | $ 71,980 |
| 2024 Total Consumer Spending : | $ 96 M | $ 262 M | $ 343 M |
| 2024 Median Age : | 37 | 38 | 39 |
| 2024 Total Households : | 1,642 | 4,265 | 5,305 |
| 2024 Pop Age 25+: Bachelor's Degree : | 442 | 1,282 | 1,585 |
| 2024 Average Home Value : | $ 184,557 | $ 197,181 | $ 208,006 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Main Street | Sloan St | 2022 | 2,200 | 0.05 mi |
| West Carolina Ave | Oak St | 2010 | 12,400 | 0.06 mi |
| West Carolina Avenue | Oak St | 2022 | 10,400 | 0.14 mi |
| Elizabeth Street | Academy St | 2022 | 2,700 | 0.33 mi |
| West Florida Street | Elizabeth St | 2022 | 650 | 0.34 mi |
| Gary Street | Lillian Ln | 2021 | 1,100 | 0.36 mi |
| S Broad St | Hampton Ave | 2010 | 11,800 | 0.38 mi |
| North Sloan Street | Jefferson St | 2022 | 750 | 0.41 mi |
| South Broad Street | W Centennial St | 2022 | 10,200 | 0.41 mi |
| North Broad Street | E Ferguson St | 2022 | 7,100 | 0.42 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
