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Marathon Fuel | Houston, TX 11290 Fondren Rd 2,016 SF Retail Building Houston, TX 77096 $2,800,000 ($1,388.89/SF) 6.25% Cap Rate
Investment Highlights
- Single-Tenant Absolute NNN Ground Lease With Marathon Fuel Franchisee
- 6.5 Years Remaining on Absolute NNN Lease; Zero Landlord Responsibilities
- Tenant Spent Significant Capital Converting From a Shell to Marathon Fuel in 2025
- Marathon Fuel Gas Stations (NYSE: MPC; S&P BBB) Operates 7,200 Independently Owned Retail Outlets and 1,100 Direct Dealers
- Rare Annual Increases Starting in January 2026
- Marathon Is #29 on the 2024 Fortune 500 List
Executive Summary
6.5 Years Remaining | Hard-Corner Pad to Fiesta Mart Grocer | Rare Annual Increases
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,016 SF
Building Class
B
Year Built
1982
Price
$2,800,000
Price Per SF
$1,388.89
Cap Rate
6.25%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.65 AC
Parking
15 Spaces (6.73 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Mining, Quarrying, and Oil and Gas Extraction
- -
- -
- -
Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. They use advanced technologies and take an innovative approach to help build a sustainable energy future. They invest in power, including from renewable sources such as wind and solar. They also invest in electric vehicle charging and low-carbon fuels for transport, such as advanced biofuels and hydrogen
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Mining, Quarrying, and Oil and Gas Extraction | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1064040000004 | Improvements Assessment | $388,859 |
| Land Assessment | $0 | Total Assessment | $388,859 |
Property Taxes
Parcel Number
1064040000004
Land Assessment
$0
Improvements Assessment
$388,859
Total Assessment
$388,859
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Marathon Fuel | Houston, TX | 11290 Fondren Rd
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