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Citgo 15 Years NNN Lease 9891 Rhode Island Ave
1,734 SF Retail Building College Park, MD 20740 $2,850,000 ($1,644/SF) 8% Cap Rate
Investment Highlights
- Great demographics 5-mile | Pop +359K | Income +100K
- Excellent Cap Rate 7.25% | 2% annual rental increases to hedge against inflation.
- Excellent traffic +10,000 VPD
- 15 year Sale Leaseback from Mul Tenant Operator with high net worth.
Executive Summary
Triple Net Investment Group is pleased to present an opportunity to purchase Citgo Gas Sta on with 15 years NNN Sale
Leaseback. Property resides on a prime loca on on Rhode Island Avenue in College Park MD. The building is 1,734 square
feet and is situated approximately .57 acres of land. The subject property does great gas volume and auto services. This is
a stable Tenant and Investment for years to come. Tenant operates multiple locations and high net worth. Citgo on Rhode Island Avenue has been a staple in the College Park community for some me. They offer gas and auto
services. Tenant offers extremely competitive auto services while offering cost-effective gas beating out many main surrounding stations. Tenant additionally owns many gas stations and businesses in Maryland and has a high net worth. This is a go to location for the surrounding area of College Park.
Leaseback. Property resides on a prime loca on on Rhode Island Avenue in College Park MD. The building is 1,734 square
feet and is situated approximately .57 acres of land. The subject property does great gas volume and auto services. This is
a stable Tenant and Investment for years to come. Tenant operates multiple locations and high net worth. Citgo on Rhode Island Avenue has been a staple in the College Park community for some me. They offer gas and auto
services. Tenant offers extremely competitive auto services while offering cost-effective gas beating out many main surrounding stations. Tenant additionally owns many gas stations and businesses in Maryland and has a high net worth. This is a go to location for the surrounding area of College Park.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,734 SF
Building Class
C
Year Built
1957
Price
$2,850,000
Price Per SF
$1,644
Cap Rate
8%
NOI
$228,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.57 AC
Zoning
CSC, County
Parking
14 Spaces (8.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Services
- -
- -
- Triple Net
- Jul 2037
CITGO Petroleum Corporation is a U.S.-based refiner, marketer and transporter of quality fuels and lubricants. CITGO's vision is to be a world benchmark corporation based on their sound success in the energy industry and their social development programs. Headquartered in Houston, Texas, CITGO Petroleum Corporation is owned by CITGO Holding, Inc.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Services | - | - | Triple Net | Jul 2037 |
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 21-2321925 | Improvements Assessment | $256,300 |
| Land Assessment | $623,000 | Total Assessment | $879,300 |
PROPERTY TAXES
Parcel Number
21-2321925
Land Assessment
$623,000
Improvements Assessment
$256,300
Total Assessment
$879,300
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Citgo 15 Years NNN Lease | 9891 Rhode Island Ave
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