Listed by ParaSell Inc, Hanley Investment Group
$2,630,000
Marathon | Houston, TX
Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,016
Net Rentable (SqFt) 2,016
Cap Rate 6.65%
NOI $175,000
Occupancy 100%
Tenancy Single
Brand/Tenant Marathon Fuel
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/18/2032
Remaining Term 6.2
Rent Bumps Yes
Lease Options 1st - $183,750 2nd - $197,531
Price per SqFt $1,305
Year Built 1982
Buildings 1
Stories 1
Acreage 0.650
Lease Commencement 08/18/2022
Ground Lease Yes
6.5 Years Remaining | Hard-Corner Pad to Fiesta Mart Grocer | Rare Annual Increases
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000002sbfl
Investment highlights
- Single-Tenant Absolute NNN Ground Lease with Marathon Fuel Franchisee
- Marathon Fuel Gas Stations (NYSE: MPC; S&P BBB) operates 7,200 independently owned retail outlets and 1,100 direct dealers
- 6.5 years remaining on absolute NNN lease; zero landlord responsibilities
- Rare annual increases starting in January 2026
- Tenant spent significant capital converting from a Shell to Marathon Fuel in 2025
- Marathon is #29 on the 2024 Fortune 500 List
- Pad to Fondren Marketplace, Anchored by Fiesta Mart, Which Operates 60 Grocery Stores throughout Texas: Other national tenants within the center include, Ace Check Cashing, Advance America, AT&T, AutoZone, Burger, King, Chase Bank, Citi Trends, dd’s Discounts, GameStop, Rainbow, T-Mobile, and Wingstop
- High-Traffic Signalized Intersection of Fondren Road and Bellfort Avenue; 55,000 Cars per Day
- Dense, Infill Demographics: There are 454,0000 people with an $87,500 average household income within a 5-mile radius
- Houston MSA; 4th-Most Populous City in The U.S.
- #3 Most Fortune 500 companies, including Chevron, Sysco, and Waste Management
- #10 “100 Best Cities to Live, Work and Visit” — Resonance (2024)
- World’s leading center for every segment of the energy industry
- Port of Houston is one of the busiest ports worldwide
- Texas Medical Center is the largest concentration of healthcare and research institutions in the world
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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