Tenant: Marathon Gas Station | Newberry, SC
Premises: 2,604 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 8/17/2042
Lease Type: Absolute NNN
Rental Increases: 3% Annual
Sands Investment Group is Pleased to Present Exclusively For Sale the Marathon Absolute NNN Lease Asset Located at 1321 Wilson Street in Newberry, SC. The Deal Includes +19 Years on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities Coupled With 3% Annual Rent Bumps and 4 x 5 Year Options on the Lease, Providing For a Best-of-Class Investment.
In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
In 1887, several small oil companies banded together to form The Ohio Oil Company. From this humble beginning, they evolved into Marathon Petroleum Corporation. Along the way, gas stations took on new looks and additional services, new refining processes were born and the precursor to the modern credit card was first issued. Marathon Petroleum Corporation is an American petroleum refining, marketing and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Following its acquisition of Andeavor in October of 2018, Marathon became the largest petroleum refinery operator in the United States.