10144 Colesville Rd Silver Spring, MD 20901

Property Details for 10144 Colesville Rd

Year built

1959

Construction

BRICK

Lot size

0.23 lot acres

Property size

1,827 SF

Zone code

CRT1.

Property type

Gas stations

APN

13-01216440

APU

1301216440

Description

This exceptional investment opportunity presents a well-established Shell service station located at 10144 Colesville Road, Silver Spring, MD, 20901. Boasting a newly remodeled convenience store, three service bays, and four pumps servicing up to eight vehicles simultaneously, this property benefits from a high annual average daily traffic count of 70,444. Currently operating under a modified gross lease with a local operator, the lease includes a buyout option. Furthermore, Potomac Energy Holdings, LLC (PEH) guarantees a daily income of $500 as manager compensation, and the lease also includes a 30-day right of first refusal for the operator. The property's location in Montgomery County, Maryland, within the bustling Silver Spring area, ensures consistent customer traffic and strong revenue potential. This asset offers a compelling combination of stable income and significant upside potential for investors seeking a foothold in the thriving Maryland retail market. The lease agreement provides a degree of security and the buyout option offers flexibility for future development or operational changes. This is a rare opportunity to acquire a high-performing gas station in a prime location. The property's strong financials, coupled with its strategic location, make it an attractive investment for both seasoned and emerging investors.

Location Insight

City

Silver Spring

County

Montgomery

State

Maryland

Longitude

-77.0124

Latitude

39.0215

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments