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Citgo 15 Years NNN Lease 9891 Rhode Island Ave
1,734 SF Retail Building College Park, MD 20740 $3,040,000 ($1,753/SF) 7.50% 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
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
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 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 21-2321925 | Improvements Assessment | $256,300 |
| Land Assessment | $623,000 | Total Assessment | $879,300 |
PROPERTY TAXES
-
Robert Gamzeh -
David Roman -
Triple Net Investment Group Inc.
Presented by
Citgo 15 Years NNN Lease | 9891 Rhode Island Ave
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