Maverik
Interested in selling your Maverik NNN property or Maverik ground lease property and 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 Maverik NNN property for sale or Maverik 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 Maverik NNN property or the inclusion of a Maverik ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Maverik 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, Maverik operates over 350 stores across the Western United States, including Utah, Idaho, Wyoming, Montana, Colorado, Nevada, and Arizona.
Revenue and income
Maverik is a privately held company, and specific revenue and net income figures are not publicly disclosed. The company generates significant revenue from fuel sales, convenience store items, and fresh food offerings.
Future plans
Maverik plans to continue expanding its presence in the Western U.S., focusing on adding new convenience store locations and enhancing its food and beverage offerings. The company also invests in technology, including mobile app ordering and loyalty programs.
Corporate vs. franchise
Maverik stores are primarily corporate-owned, with a small number of licensed locations. The company retains operational control over most stores to ensure brand consistency and quality.
Additional information Maverik Properties
Maverik was founded in 1928 as a small fuel and convenience business in Idaho.
The name “Maverik” reflects the company’s independent, adventurous brand identity.
It is known for fuel, fresh food, coffee, and convenience store products catering to travelers and local customers.
Maverik is privately held and headquartered in Salt Lake City, Utah.
Maverik History
Maverik traces its roots back to 1928 when its first fuel and convenience store was established in Idaho. Over the decades, Maverik evolved from a single fuel station into a regional chain of convenience stores offering fuel, fresh food, and beverages. The company’s focus on quality, convenience, and a customer-first approach has driven its growth across the Western United States. Today, Maverik operates over 350 stores in multiple states, including Utah, Idaho, Wyoming, Montana, Colorado, Nevada, and Arizona, and continues to expand while innovating with food offerings, technology, and loyalty programs.
Why Invest in Ground Lease and NNN Lease of Maverik?
Investing in Maverik’s ground lease and triple net (NNN) lease properties offers compelling reasons:
1) Maverik NNN Property Investment: Stable income
With a well-known regional brand and loyal customer base, Maverik provides consistent revenue streams. Ground and NNN leases offer predictable cash flows over the long term.
2) Maverik NNN Property Investment: Established tenant
Maverik’s strong operational history and recognizable brand reduce the risk of vacancy or lease default, ensuring a reliable tenant for the property.
3) Maverik NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant handles property maintenance, insurance, and operational expenses, minimizing the landlord’s management obligations.
4) Maverik NNN Property Investment: Favorable lease terms
Long-term leases with built-in rent escalations provide predictable income and potential rental growth.
5) Maverik NNN Property Investment: Real estate value
Maverik’s stores are often located in high-traffic areas, which can enhance property value and offer potential capital appreciation.
Pros and Cons of Maverik Ground Lease and NNN Lease Investment
Pros:
Stable income from a well-known regional brand.
Established tenant reduces vacancy and lease default risks.
Minimal management responsibility for landlords, as Maverik handles property maintenance and operational costs.
Long-term lease agreements provide predictable income and potential rental growth.
Cons:
Lease renewal risk when the term expires.
Dependency on Maverik’s operational performance and regional market success.
Market competition and saturation in convenience and fuel retail may affect profitability.
Limited control over property decisions due to tenant-managed operations.
Economic and real estate market risks are inherent in any investment.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.