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Net Lease Citgo

Net Lease Citgo Property Profile and Cap Rates

Date May 19, 2017

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 is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. Customers are familiar with their neighborhood CITGO location, but that’s just the tip of the iceberg. CITGO also has the capacity to refine 749,000 barrels of crude oil per day.

CITGO Petroleum Corporation has its roots in the Cities Service Company, founded in Bartlesville, Oklahoma. Incorporated in the State of Delaware, CITGO is headquartered in Houston, Texas. It operates three refineries, three lubricant blending plants and nearly 50 terminal storage facilities. It also has access to more than 140 additional terminal facilities.  Each CITGO gas station and fast lube is locally owned and operated. The more than 6,000 locally owned and operated CITGO retail locations provide approximately 46,000 jobs.  CITGO is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A. (PDVSA), the national oil company of Venezuela and the world’s fifth largest oil exporter.


Website: www.citgo.com
Founded: 1910
Number of Locations: 6,000+
Number of Employees: 46,000+
Credit Rating (S&P): B-
Headquarters: Houston, Texas
Parent Company: Petróleos de Venezuela, S.A. (PDVSA)