Marathon
Interested in selling your Marathon NNN property or Marathon ground 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 Marathon NNN property for sale or Marathon 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 Marathon NNN property or the inclusion of a Marathon ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Marathon properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2023, Marathon Petroleum operates approximately 6,000 branded retail fuel locations across the United States, including Marathon, Speedway, and other affiliated brands.
Revenue and income
In 2022, Marathon Petroleum reported total revenue of approximately $137 billion, with a net income of around $6 billion.
Future plans
Marathon plans to continue expanding and modernizing its retail and fuel network, investing in convenience stores, alternative fuels, and renewable energy initiatives. The company is also focusing on sustainability and digital transformation, including mobile payment options and loyalty programs.
Corporate vs. franchise
Marathon’s retail stores are a mix of company-operated and independently owned franchise locations. The majority of branded convenience stores are franchised, while the company retains ownership of larger strategic sites.
Additional information Marathon Properties
Marathon traces its origins to 1887 as The Ohio Oil Company, later merging into Marathon Oil Company.
The Marathon brand is well known for fuel, convenience stores, and Marathon Speedway locations.
It is a leading petroleum refining, marketing, and retail company in the United States.
Marathon Petroleum is publicly traded and headquartered in Findlay, Ohio.
Marathon History
Marathon traces its roots back to 1887 when The Ohio Oil Company was founded in Ohio. Over the years, the company expanded from regional oil production into refining, marketing, and retail operations, eventually adopting the Marathon brand. In 1930, The Ohio Oil Company officially became Marathon Oil Company, and its retail presence grew through branded gasoline stations and convenience stores. Marathon’s commitment to energy production, distribution, and retail innovation has driven its growth, establishing it as one of the largest petroleum refining and marketing companies in the United States. Today, Marathon operates thousands of fuel and convenience store locations across the country and continues to invest in sustainability, alternative fuels, and modern retail technologies.
Why Invest in Ground Lease and NNN Lease of Marathon?
Investing in Marathon’s ground lease and triple net (NNN) lease properties offers several compelling reasons:
1) Marathon NNN Property Investment: Stable income
Marathon’s well-established fuel and convenience brand provides predictable and long-term rental income under ground and NNN lease structures.
2) Marathon NNN Property Investment: Established tenant
Marathon’s strong national presence and decades-long operating history reduce the risk of vacancy or lease default.
3) Marathon NNN Property Investment: Low management responsibility
Under NNN and ground leases, Marathon typically handles property maintenance, insurance, and taxes, minimizing the landlord’s management obligations.
4) Marathon NNN Property Investment: Favorable lease terms
Long-term leases with rent escalations provide steady income and potential for growth over the lease term.
5) Marathon NNN Property Investment: Real estate value
Marathon properties are often located in high-traffic and strategic retail corridors, supporting long-term property value and potential capital appreciation.
Pros and Cons of Marathon Ground Lease and NNN Lease Investment
Pros:
Stable income from a well-established national fuel and convenience brand.
Established tenant with a long operating history reduces vacancy and lease default risks.
Minimal management responsibility for landlords under NNN or ground lease agreements.
Long lease terms provide predictable income and potential rent escalations over time.
Cons:
Lease renewal risk at the end of the lease term.
Dependence on Marathon’s operational performance and fuel market conditions.
Competition from other fuel retailers and convenience store chains may affect profitability.
Limited control over property operations and branding.
Exposure to broader economic, energy market, and real estate market risks.
Thorough due diligence on location quality, lease terms, tenant credit, and market dynamics is essential, and consultation with real estate and financial professionals can help align the investment with long-term goals and risk tolerance.