
CITGO C-STORE & GAS (NASDAQ: ARKO) | ABSOLUTE NET LEASE
Retail | 7.00% CAP | 1,425 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310445/citgo-c-store-gas
Investment highlights
Corporate Backed Absolute Net Lease (Zero Landlord Obligations) Featuring 9% Rental Increases at Each Option. Strong Commitment to the Location - Tenant Exercised and Extended the Term.
Positioned Along Area’s Retail & Traffic Corridor: Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 25k Vehicles. In Close Proximity to Interstate-64 (80k+ VPD).
Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. 35+ Year Historical Occupancy as a Gas Station.
Along Nine Mile Road - a Vital Corridor Connecting Eastern Richmond Neighborhoods to Downtown. It serves as a Primary Artery for Commuters, linking Residential Areas to the City's Economic and Cultural Hubs.
ARKO Corp. (Nasdaq: ARKO), a Fortune 500 Company, is a Leading U.S. Convenience Store Operator and Fuel Wholesaler, running 1,550 Stores and supplying fuel to over 1,800 Dealer Sites via GPM Investments, LLC.
Densely Populated Area: Features more than 191k People Residing within a 5-Mile Radius. Richmond has Experienced Notable Population Growth in Recent Years, Reflecting its Increasing Appeal as a Place to Live and Work.
The Site Benefits from its Close Proximity to Downtown Richmond - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
About a Mile From White Oak Village - a Sprawling Outdoor Shopping Center Anchored by Lowe's, Target, Petsmart and multiple other Big-Box Tenants, Chain Restaurants & a Hotel.
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