9891 Rhode Is Ave, College Park, MD 20740-1423

This exceptional investment opportunity presents a fee-simple ownership of a thriving Citgo gas station, convenience store, and auto shop located at 9891 Rhode Island Ave, College Park, MD 20740. The property boasts a 14.7-year remaining lease term (commencing September 1, 2024, and expiring August 11, 2039) with a highly desirable absolute NNN lease structure, ensuring minimal landlord responsibilities. The current tenant, Citgo, enjoys 100% occupancy and generates a substantial net operating income (NOI) of $228,000, translating to an attractive 7.5% capitalization rate. Built in 1957, the 1,734 square foot property benefits from built-in rent bumps of 2% annually, providing inflation protection. The property's strategic location in College Park, Maryland, enjoys excellent traffic volume (10,000 vehicles per day) and proximity to I-95 (214,000 vehicles per day), ensuring consistent customer flow. The surrounding area's strong demographics (100,000 households and 359,000 residents within a 5-mile radius) further solidify the property's long-term value and resilience. This sale-leaseback transaction offers a passive investment opportunity with significant returns and inherent recession resistance, making it an ideal addition to any diversified portfolio. The asking price is $3,040,000.