Sold Subscription Required
| Price $811,871 | Built/Renov 1800 | Tenant Marathon |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,604
| Lease Start
08-18-2022
| #Units
8,331
|
| Price/SF $311.78 | Expiration
08-17-2042
| Tenant Type Convenience/Gas |
| NOI $56,831 | R. Term 17.8 | Ownership Fee Simple |
| Rent/SF
$21.82
| Increases 3.0%/1/yrs | Pop 5Mi 17,606 |
| Lot/AC 0.66 | Options 4/5yrs/3% | AHHI 5Mi $62,046 |
| | |
Marathon is strategically located on Wilson Road, with access to 18,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including McDonald's, Starbucks, Dunkin Donuts, Hardee's, CVS, and more. Numerous apartment complexes, such as Regency Woods Apartments, Indian Land Apartments, and Brookside Manor Apartments, are also in the vicinity. Nearby colleges and...
...Build to suit
Dense retail corridor
Near major nationals
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 : | 2,970 | 13,586 | 17,128 |
| 2024 Total Population : | 3,020 | 13,806 | 17,394 |
| 2024 Employed Civilian Pop : | 1,208 | 5,366 | 6,971 |
| 2024 Total Businesses : | 313 | 768 | 847 |
| 2024 Average Household Income : | $ 76,361 | $ 66,825 | $ 68,860 |
| 2024 Total Consumer Spending : | $ 87 M | $ 318 M | $ 413 M |
| 2024 Median Age : | 45 | 37 | 38 |
| 2024 Total Households : | 1,278 | 5,280 | 6,661 |
| 2024 Pop Age 25+: Bachelor's Degree : | 375 | 1,260 | 1,529 |
| 2024 Average Home Value : | $ 218,426 | $ 198,535 | $ 204,921 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Main St | Turner St | 2010 | 9,700 | 0.36 mi |
| Kinard Street | Harper St | 2022 | 1,350 | 0.39 mi |
| Wilson Rd | Wise St | 2010 | 16,800 | 0.59 mi |
| Evans Street | Pondfield Rd | 2022 | 3,100 | 0.62 mi |
| Johnstone Street | Summer St | 2022 | 2,700 | 0.76 mi |
| Mount Bethel Garmany Road | Rikard Dr | 2022 | 3,300 | 0.77 mi |
| Glenn Street | Dixie Dr | 2022 | 1,500 | 0.79 mi |
| Main Street | Cheatham St | 2021 | 6,600 | 0.81 mi |
| Wilson Road | Newberry Arms | 2021 | 17,800 | 0.84 mi |
| Wilson Road | Harrington St | 2022 | 17,100 | 0.84 mi |
Duncan, OK
Cap Rate 7.50%
Lease Abs NNN
R. Term 13.20 yrs
Size/SF 2,281
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
