Robert Gamzeh 2023613050
David Roman 2023659091

Citgo 15 Years NNN Lease 9891 Rhode Island Ave 1,734 SF Retail Building College Park, MD 20740 $2,850,000 ($1,643.60/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.

Rhode Island Avenue Citgo OM 8cap

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

1,734 SF

Building Class

Year Built

1957

Price

$2,850,000

Price Per SF

$1,643.60

Cap Rate

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

41’ on Rhode Island Ave

Pylon Sign

MAJOR TENANTS

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

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
Rhode Island Ave	Edgewood Rd, S	10,733	2025	0.05 mi
Rhode Island Ave	I- 95, S	7,091	2023	0.19 mi
Ramp 10 Fr Is 495 Eb To Is 95 Sb	Rhode Island Ave, SE	13,352	2020	0.20 mi
Capital Beltway	52nd Ave, N	4,360	2025	0.22 mi
Baltimore Ave	Ikea Way, NW	12,288	2023	0.27 mi
Ramp 7 Fr Is 95 Wb To Us 1 Sb	Ikea Way, NW	11,411	2020	0.27 mi
47th Pl	Nantucket Rd, S	6,399	2020	0.28 mi
Ramp 4 Fr Us 1 Nb To Ramp 10 (to Is 95)	Nantucket Rd, SE	5,192	2020	0.28 mi
Ramp 10 Fr Is 495 Eb To Is 95 Sb	47th Pl, S	8,162	2020	0.29 mi
Ramp 3 Fr Ramp 10 (fr Is 495) To Us 1 Nb	Nantucket Rd, SE	5,302	2020	0.29 mi