Net Lease Citgo Property Profile and Cap Rates

Net Lease Citgo – Typical Property and Lease Terms

 

Price Range:	$1M - $2.5M
Cap Rate:	7.00% - 7.50%
Net Income:	$70,000 - $190,000
Price Per foot:	$500 PSF - $800 PSF
Building Size:	2,000 SF - 3,000 SF
Lot Size:	0.75 Acre
Escalations:	1% - 2% Annually
Lease Term:	10 Years
Lease Type:	NNN
Credit Rating:	B- (S&P)

 

Tenant Company Information:

Citgo Petroleum Corporation (or Citgo, stylized as CITGO) is a United States-based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products.[3] Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions, in 2019, they no longer economically benefit from Citg

 

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