Net leased investment brokerage firm, The Boulder Group, recently completed the sale of a single tenant net leased CITGO gas station property for $4,273,250. The property is located at 200 Fabyan Parkway in Batavia, IL.
The property sits at the signalized intersection of Fabyan Parkway and North Washington Avenue, which experiences traffic counts in excess of 37,000 vehicles per day. The site has two points of ingress and egress and is easily accessible by vehicles traveling on Fabyan Parkway or North Washington Avenue. CITGO is the sole occupant of the 2.01 acre property that was originally developed in 1999. There are ten years remaining on this absolute net lease that expires in February 2024.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based high net worth individual. The buyer was an East Coast based private investment firm.