February 28, 2017 – Jeremy Black, of Horvath & Tremblay, has successfully completed the sale of Citgo Gas in Sidney, New York. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $1,060,000. The broker of record for the transaction was LLD Enterprises, LLC.
Citgo Gas is located along Union Street in the town of Sidney. The property is positioned with high visibility and direct street frontage. Citgo Gas has over 7 years of lease term remaining on the original 10-year triple net lease with annual rental escalations scheduled throughout the remaining term of the lease. Located across the street from the property is the Amphenol Aerospace headquarters. This 307,000-square foot facility houses approximately 1,000 employees and is one of the largest manufacturers of interconnect products in the world for the Military, Commercial Aerospace and Industrial Markets. Citgo Gas is located near national tenants including NBT Bank, Rite Aid, Sunoco, Peebles, Family Dollar and Rent-A-Center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.