9891 Rhode Island Ave - Service Station FOR SALE


College Park, MD 20740
$3,040,000 USD
202-361-3050
9891 Rhode Island Ave, College Park, MD for Sale
$3,040,000 USD
Service Station - FOR SALE
1/3
null | 7.5% Cap Rate

9891 Rhode Island Ave
College Park, MD 20740


HIGHLIGHTS

  • Great demographics 5-mile | Pop +359K | Income +100K
  • Excellent traffic +10,000 VPD
  • Excellent Cap Rate 7.25% | 2% annual rental increases to hedge against inflation.
  • 15 year Sale Leaseback from Mul Tenant Operator with high net worth.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,040,000 USD

PRICE/SF

$1,753 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citgo 15 Years NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair, Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

CSC, County

APN/PARCEL ID

21-2321925

ASK ABOUT THIS PROPERTY

Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

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Robert GamzehTriple Net Investment Group Inc.More Info
202-361-3050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.