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Auto Service - Gas-Conv

Marathon (NASDAQ: ARKO) | Phoenix | Long-Term Abs. Net Lease | Leading US Convenience Store Operator

4305 E Ray Rd, Phoenix, AZ 85044

Listing Price: $2,325,273

Cap Rate
5.50%
Tenant Name
Marathon Gas / Fast Market
Years Remaining On Lease
14.4
Gross SF
1,919
Guarantor
Corporate Guarantee
Rentable SF
1,919
Price/Gross SF
$1,211.71
Lease Type
Absolute Net
Rent Per Square Feet
$66.64

Investment Overview

Leading U.S. Convenience Store Operator

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Densely Populated and Affluent Area: Features an Average Household Income of $113k+ within a 3-Mile Radius and 183k+ People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Auto Service - Gas-Conv

Marathon (NASDAQ: ARKO) | Phoenix | Long-Term Abs. Net Lease | Leading US Convenience Store Operator

Listing Price: $2,325,273

Cap Rate
5.50%
Tenant Name
Marathon Gas / Fast Market
Years Remaining On Lease
14.4
Gross SF
1,919
Guarantor
Corporate Guarantee
Rentable SF
1,919
Price/Gross SF
$1,211.71
Lease Type
Absolute Net
Rent Per Square Feet
$66.64

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Densely Populated and Affluent Area: Features an Average Household Income of $113k+ within a 3-Mile Radius and 183k+ People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Investment Overview

Leading U.S. Convenience Store Operator

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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