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11290 Fondren Rd
Houston, TX 77096
Marathon Fuel | Houston, TX · Retail Property For Sale
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
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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