Interested in selling your ExxonMobil NNN property or ExxonMobil lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market ExxonMobil NNN property for sale or ExxonMobil ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your ExxonMobil NNN property or the inclusion of a ExxonMobil ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market ExxonMobil properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, ExxonMobil has over 69,000 locations in 21 countries and territories. Of these, over 12,000 are located in the United States and Canada.
Revenue and income
In 2022, ExxonMobil’s total revenue was $285.6 billion. Net income was $23.0 billion.
Future plans
ExxonMobil plans to continue expanding its global footprint. In 2023, the company plans to open over 5,000 new locations worldwide. ExxonMobil also invests in new technologies, such as carbon capture and storage.
Corporate vs. franchise
About 70% of ExxonMobil locations are company-owned. The remaining 30% are franchised. Franchisees typically pay a franchise fee of $1 million to $2 million and a royalty fee of 5% of gross sales.
Additional information ExxonMobil Properties
ExxonMobil was founded in 1908 in New Jersey. The company’s name combines the words “Exxon” and “Mobil,” two former oil companies that merged in 1999. ExxonMobil is the largest non-government-owned company in the energy industry. The company’s most popular products include gasoline, diesel fuel, and lubricants. ExxonMobil is a significant investor in renewable energy sources like solar and wind power.
ExxonMobil History
ExxonMobil traces its roots back to 1908 when John D. Rockefeller’s Standard Oil Company was divided into 34 smaller companies. Standard Oil of New Jersey, one of these companies, later changed its name to ExxonMobil in 1999. ExxonMobil is the largest non-government-owned company in the world. The company is involved in all oil and gas industry aspects, including exploration, production, refining, marketing, and transportation. ExxonMobil is also a significant investor in renewable energy sources like solar and wind power.
Why Invest in Ground Lease and NNN Lease of ExxonMobil?
Investing in ExxonMobil’s ground lease and triple net (NNN) lease properties offer compelling advantages:
1) ExxonMobil NNN Property Investment: Stable income
ExxonMobil’s stature as a significant player in the energy sector translates into dependable income streams. Ground and NNN leases provide consistent and predictable cash flows for the long term.
2) ExxonMobil NNN Property Investment: Established tenant
ExxonMobil’s reputation and prominence in the industry mitigate the risks associated with vacancy or lease defaults, ensuring a secure tenant for the property.
3) ExxonMobil NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant takes on property upkeep and expenses, minimizing the landlord’s managerial obligations.
4) ExxonMobil NNN Property Investment: Favorable lease terms
Extended lease periods featuring incremental rent adjustments offer stability and potential for income growth.
5) ExxonMobil NNN Property Investment: Real estate value
ExxonMobil’s strategic positioning in critical locations with high traffic can enhance property value, offering prospects for capital appreciation.
Pros and Cons of ExxonMobil Ground Lease and NNN Lease Investment
Pros:
1. Dependable income derived from a reputable industry giant.
2. Established tenant presence diminishes vacancy and lease default risks.
3. Landlord’s managerial responsibilities are minimal due to NNN leases.
4. Extended lease terms provide security and the potential for enhanced income.
Cons:
1. Lease renewal uncertainty upon lease expiration.
2. Investment outcome influenced by ExxonMobil’s operational success and challenges.
3. Industry competition and market saturation could impact profitability.
4. Landlords have limited influence over property decisions.
5. Real estate investments entail inherent economic and market risks.
Thorough due diligence encompassing location analysis, lease stipulations, tenant strength, and investment strategy is pivotal. Expert guidance from real estate professionals and financial advisors is advised to align investment objectives with risk tolerance.