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Auto Service - Gas-Conv

10226 New Hampshire Ave

10226 New Hampshire Ave, Silver Spring, MD 20903

Listing Price: Request For Offer

Tenant Name
Petroleum Marketing Group, INC (PMG)
Years Remaining On Lease
0.2
Guarantor
Corporate Guarantee
Rentable SF
1,827
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$101.50

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer for sale a portfolio of two well-established service stations –SHELL and BP- located in the bustling area of Silver Spring, Maryland.

Shell Station is located at 10144 Colesville Road, Silver Spring, Maryland with AADT (Annual Average Daily Traffic) of 70,444. The Shell Station has a newly remodeled convenience store, 3 service bays, and 4 pumps service up to 8 vehicles. Shell Station is leased (Modified Gross Lease) to a local operator with PEH (Potomac Energy Holdings, LLC) guarantee of income $500/day as manager compensation. Current lease and PEH contract both has a buyout option. Operator has a 30 days Right of First Refusal.

BP Station is located at 10226 New Hampshire Avenue, Silver Spring, MD with AADT (Annual Average Daily Traffic) of 71,512. The BP Station has a convenience store, 3 service bays, and 4 pumps service up to 8 vehicles. BP Station is leased (Triple Net Lease) to a PMG (Petroleum Marketing Group, Inc) with corporate guarantee. Lease has buyout option and NO Right of First Refusal.

This portfolio represents a rare chance to secure two premium gas station assets in a thriving market. It offers a multitude of value creation strategies to investors and owner-operators.

Investment Highlights

  • NNN LEASE | PMG (Petroleum Marketing Group)
  • THREE (3) FIVE (5) YEAR OPTIONS
  • NO ROFR (RIGHT OF FIRST REFUSAL)
  • AADT: 71,512

Exclusively Listed By

Auto Service - Gas-Conv

10226 New Hampshire Ave

Listing Price: Request For Offer

Tenant Name
Petroleum Marketing Group, INC (PMG)
Years Remaining On Lease
0.2
Guarantor
Corporate Guarantee
Rentable SF
1,827
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$101.50

Investment Highlights

  • NNN LEASE | PMG (Petroleum Marketing Group)
  • THREE (3) FIVE (5) YEAR OPTIONS
  • NO ROFR (RIGHT OF FIRST REFUSAL)
  • AADT: 71,512

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer for sale a portfolio of two well-established service stations –SHELL and BP- located in the bustling area of Silver Spring, Maryland. Shell Station is located at 10144 Colesville Road, Silver Spring, Maryland with AADT (Annual Average Daily Traffic) of 70,444. The Shell Station has a newly remodeled convenience store, 3 service bays, and 4 pumps service up to 8 vehicles. Shell Station is leased (Modified Gross Lease) to a local operator with PEH (Potomac Energy Holdings, LLC) guarantee of income $500/day as manager compensation. Current lease and PEH contract both has a buyout option. Operator has a 30 days Right of First Refusal. BP Station is located at 10226 New Hampshire Avenue, Silver Spring, MD with AADT (Annual Average Daily Traffic) of 71,512. The BP Station has a convenience store, 3 service bays, and 4 pumps service up to 8 vehicles. BP Station is leased (Triple Net Lease) to a PMG (Petroleum Marketing Group, Inc) with corporate guarantee. Lease has buyout option and NO Right of First Refusal. This portfolio represents a rare chance to secure two premium gas station assets in a thriving market. It offers a multitude of value creation strategies to investors and owner-operators.

Exclusively Listed By

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