Sunoco
Interested in selling your Sunoco NNN property or Sunoco 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 Sunoco NNN property for sale or Sunoco 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 Sunoco NNN property or the inclusion of a Sunoco ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Sunoco properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of 2023, Sunoco has over 13,000 branded fuel stations across more than 40 U.S. states, making it one of the largest fuel distributors in the United States. The brand has a strong presence along major highways, urban centers, and suburban markets.
Revenue and income
In 2022, Sunoco LP reported total revenue of approximately $29 billion. As a publicly traded master limited partnership (MLP), Sunoco’s net income fluctuates based on fuel volumes, margins, and market conditions, and detailed earnings are reported in its annual filings.
Future plans
Sunoco plans to continue expanding its fuel distribution network through new site developments, acquisitions, and long-term supply agreements. The company is also focused on operational efficiency, alternative fuels, and convenience retail partnerships to adapt to evolving energy and transportation trends.
Corporate vs. franchise
Sunoco operates under a branded distributor model rather than a traditional franchise system. Most Sunoco locations are independently owned and operated by dealers, while Sunoco supplies fuel, branding, and marketing support. Lease and dealer agreements vary by location and market.
Additional information – Sunoco Properties
Sunoco was founded in 1886 in Pennsylvania, originally as the Peoples Natural Gas Company.
The Sunoco name is derived from the Sun Oil Company, established in the early 20th century.
Sunoco is best known for its fuel distribution, convenience retail partnerships, and official fuel sponsorships, including major motorsports events.
Sunoco is publicly traded as Sunoco LP (NYSE: SUN) and is headquartered in Dallas, Texas.
Sunoco History
Sunoco traces its origins back to 1886, when it was founded in Pennsylvania as the Peoples Natural Gas Company, initially focusing on fuel and energy distribution. Over time, the company evolved into the Sun Oil Company, expanding its operations into petroleum refining, fuel marketing, and branded gasoline retailing. Throughout the 20th century, Sunoco became one of the most recognizable fuel brands in the United States, known for its extensive service station network and innovation in fuel technology. As the energy market evolved, Sunoco shifted its focus toward fuel distribution and logistics, transitioning away from refining operations. Today, Sunoco operates as a leading fuel distributor and marketer with thousands of branded locations across the United States and continues to adapt its business to changing transportation and energy needs.
Why Invest in Ground Lease and NNN Lease of Sunoco?
Investing in Sunoco ground lease and triple net (NNN) lease properties offers several compelling advantages for real estate investors:
1) Sunoco NNN Property Investment: Stable income
Fuel stations are essential-use assets with steady consumer demand, and Sunoco’s extensive branded network supports reliable income. Ground and NNN lease structures provide predictable, long-term cash flows.
2) Sunoco NNN Property Investment: Established tenant
Sunoco is one of the oldest and most recognizable fuel brands in the United States, and its long operating history reduces the risk of vacancy or lease default.
3) Sunoco NNN Property Investment: Low management responsibility
Under ground lease and NNN lease structures, Sunoco or its contracted operators typically handle property taxes, insurance, maintenance, and day-to-day operations, minimizing landlord involvement.
4) Sunoco NNN Property Investment: Favorable lease terms
Sunoco ground and NNN leases are often structured with long initial terms and contractual rent escalations, offering income stability and inflation protection.
5) Sunoco NNN Property Investment: Real estate value
Sunoco properties are commonly located on high-traffic corners and major corridors, which can enhance long-term property value and support strong resale potential.
Pros and Cons of Sunoco Ground Lease and NNN Lease Investment
Pros:
Stable income is supported by consistent fuel demand and Sunoco’s nationwide branded network.
Sunoco’s long operating history and strong brand recognition reduce vacancy and lease default risk.
Ground lease and NNN structures minimize landlord responsibilities, as tenants typically handle taxes, insurance, and maintenance.
Long-term lease agreements provide income stability and potential rental growth through scheduled escalations.
Cons:
Lease renewal risk exists at the end of the initial lease term.
Investment performance is dependent on Sunoco’s operational performance and dealer network stability.
Competition from other fuel brands and alternative energy trends may impact long-term fuel demand.
Landlords have limited control over property operations under ground lease and NNN lease structures.
Broader economic conditions, environmental regulations, and real estate market fluctuations can affect property values and exit timing.
Thorough due diligence—including review of location quality, lease structure, tenant strength, and market fundamentals—is essential, and consultation with real estate and financial professionals can help align the investment with your goals and risk tolerance.