10144 Colesville RdSilver Spring, MD 20901

For Sale
Call for price

Prime Retail Gas Station, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Net-Net Lease with Potomac Energy Holdings (PEH) management guaranteeing $500 daily income.
  • Five-year lease option with lease termination option.
  • Annual Average Daily Traffic (AADT) of 70,444 vehicles.

Location Insight

City
Silver Spring
County
Montgomery
State
Maryland
Latitude
39.021329808859
Longitude
-77.012200590801
10144 Colesville Rd, Silver Spring, Maryland

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10144 Colesville Rd
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