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4300 Nine Mile Rd
Richmond, VA 23223
CITGO C-STORE & GAS (NASDAQ: ARKO) | ABS. NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Backed Absolute Net Lease (Zero Landlord Obligations) Featuring 9% Rental Increases at Each Option.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- *ARKO Corp. (Nasdaq: ARKO), a Fortune 500 Company, is a Leading U.S. Convenience Store Operator and Fuel Wholesaler.
- Strong Commitment to the Location - Tenant Exercised and Extended the Term. 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.
- Densely Populated Area: Features more than 191k People Residing within a 5-Mile Radius. Richmond has Experienced Notable Population Growth.
EXECUTIVE SUMMARY
Citgo Fuel Station (NASDAQ: ARKO) | Absolute Net Lease | Qualifies for Accelerated Depreciation | Leading U.S. Convenience Store Operator | Near I-64 | Densely Populated Area | Minutes from Downtown Richmond, Shopping Center and International Airport
Virginia Broker of Record: Brian Hosey | 7200 Wisconsin Ave., Suite 1101 Bethesda, MD 20814 | P: (202) 536-3700 | Lic #: 0225247494 | Brian.Hosey@MarcusMillichap.com
Virginia Broker of Record: Brian Hosey | 7200 Wisconsin Ave., Suite 1101 Bethesda, MD 20814 | P: (202) 536-3700 | Lic #: 0225247494 | Brian.Hosey@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,425 SF
Building Class
C
Year Built
1990
Price
$1,121,143
Price Per SF
$786.77
Cap Rate
7%
NOI
$78,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.83 AC
Zoning
B3
Parking
7 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
240’ on Nine Mile
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 808-722-9767 | Improvements Assessment | $357,100 |
| Land Assessment | $215,800 | Total Assessment | $572,900 |
PROPERTY TAXES
Parcel Number
808-722-9767
Land Assessment
$215,800
Improvements Assessment
$357,100
Total Assessment
$572,900
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