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Auto Service - Gas-Conv

Citgo (NASDAQ: ARKO) | Maryland | Long-Term Abs. Net Lease | Leading U.S. Convenience Store Operator

21265 Great Mills Rd, Lexington Park (Near Wash DC), MD 20653

Listing Price: $2,591,904

Cap Rate
6.25%
Tenant Name
Citgo
Years Remaining On Lease
14.5
Gross SF
4,713
Guarantor
Corporate Guarantee
Rentable SF
4,713
Price/Gross SF
$549.95
Lease Type
Absolute Net
Rent Per Square Feet
$34.37

Investment Overview

Leading U.S. Convenience Store Operator

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Affluent Area: Features an Average Household Income of more than $99k within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    License(s): MD: 646476

    Maryland

Auto Service - Gas-Conv

Citgo (NASDAQ: ARKO) | Maryland | Long-Term Abs. Net Lease | Leading U.S. Convenience Store Operator

Listing Price: $2,591,904

Cap Rate
6.25%
Tenant Name
Citgo
Years Remaining On Lease
14.5
Gross SF
4,713
Guarantor
Corporate Guarantee
Rentable SF
4,713
Price/Gross SF
$549.95
Lease Type
Absolute Net
Rent Per Square Feet
$34.37

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Affluent Area: Features an Average Household Income of more than $99k within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Investment Overview

Leading U.S. Convenience Store Operator

Exclusively Listed By

Broker of Record

  • Bryn Merrey

    Senior Managing Director Investments

    License(s): MD: 646476

    Maryland

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