17 years Lease with 2/5-year option NNN Mobil Exceptional Net-Leased Gas Station Investment | Mobil Prime I-10 Corridor

Highlights:

• Strong Location: Positioned at a key interchange with high daily traffic counts and visibility.
• Corporate Guarantee: Tenant operates multiple branded sites, ensuring reliability.
• Triple-Net Lease: Minimal landlord responsibility making it a hands-off income stream.
• Built-In Growth: $350 annual rent increases provide inflation hedging and income growth.
• Convenience Amenities: Offers proven tenant offerings—food, lottery, enhanced customer draw.
• Long-Term Stability: 17 years of remaining lease term ensures predictable revenue with 2 /5 year options.

Description:

Exceptional Net-Leased Gas Station Investment | Corporate-Backed Citgo in Prime I-10 Corridor
Introducing an outstanding investment opportunity in the heart of North Florida’s I-10 corridor: a fully renovated, high-performing Citgo Gas Station & C-Store in Quincy, FL. This isn’t just another gas station listing—it’s a strategically positioned, income-producing asset backed by a seasoned multi-unit operator with a corporate lease guarantee.

Located minutes from Tallahassee, this location benefits from a steady stream of commuter, regional, and interstate traffic. The station sits on a large 1-acre commercial lot and boasts a modernized facility, including upgraded fuel dispensers, a refreshed retail store interior, LED canopy lighting, and ADA-compliant restrooms—providing a turnkey solution for passive, long-term income.

The tenant, a reputable operator with 10+ locations across the Southeast, has a 17-year absolute NNN lease in place, offering $92,400 in annual income with fixed $350 annual rent escalations. This lease structure means zero landlord responsibilities, making it ideal for 1031 buyers, family offices, or private investors seeking stable cash flow and strong credit tenancy.

Unlike many commoditized listings, this property is branded, renovated, strategically located, and backed by an experienced team—a combination that sets it apart from typical C-store offerings. The strong performance metrics and commitment to ongoing reinvestment from the operator underscore the long-term value of this asset.
INVESTMENT HIGHLIGHTS
Corporate Guaranteed Lease: Tenant is a multi-unit operator with a strong corporate guarantee under the Mobile/Citgo brand.

High-Performing Local Operator: The tenant operates over 10 successful gas station and convenience store locations across Florida and Georgia. Known for outstanding operational standards, the group has a proven record of revenue growth, compliance, and customer satisfaction.

Long-Term NNN Lease: 17 years remaining on a 20-year absolute triple-net lease with zero landlord responsibilities.

Strong Passive Income: Current Net Operating Income (NOI) of $92,400 with $350 fixed annual increases, generating increasing cash flow over time.

Fully Renovated Facility: Recent improvements include new fuel pumps, LED canopy lighting, modernized convenience store interior, security systems, updated POS system, and ADA-compliant restrooms.

Productive and Profitable Operation: High monthly sales volume for both fuel and retail convenience items. Popular with both locals and long-distance travelers.

National Branding: Mobil-branded fuel station with Mobile supply chain support. Professional signage and fuel canopy provide strong curb appeal.

High-Traffic Location: Located just off I-10 with daily traffic counts exceeding 15,000 vehicles. Prime positioning for both local and interstate service.

Future Upside: Fixed annual rent increases provide a reliable hedge and increasing investor returns over time.

PROPERTY OVERVIEW

Address: 3749 Pat Thomas Parkway, Quincy, FL 32351

Property Type: Net-Leased Gas Station & Convenience Store (C-Store)

Fuel Branding: Citgo / Mobile

Lease Type: Absolute Triple Net (NNN)

Lease Term Remaining: 17 Years

Annual Escalations: $350 fixed annual increase

Current NOI: $92,400

Building Size: Approx. 1,896 sq. ft.

Lot Size: Approx. 1.00 acre

Parking: 8–10 surface spaces

Year Built: 1982 (Renovated)

Zoning: Commercial

Improvements: New fuel dispensers, canopy with LED lighting, upgraded HVAC, ADA-compliant restrooms, POS system, modern interior shelving and refrigeration units, exterior security cameras, and updated landscaping.

LOCATION HIGHLIGHTS

Regional Access: Located directly off I-10, one of Florida’s major east-west interstates, with seamless ingress/egress from Pat Thomas Parkway.

Local Market: Quincy is the county seat of Gadsden County and forms part of the rapidly growing Tallahassee metropolitan statistical area.

Nearby Tenants: CVS, Family Dollar, Pizza Hut, fast food chains, hospitality providers, and local retail.

Traffic Count: Estimated 15,000+ vehicles per day; captures both local residents and transient highway traffic.

Population Growth: The Quincy-Tallahassee corridor continues to attract residential development and logistics traffic.

Essential Service: The station is a key fuel and retail stop for local commuters, long-haul drivers, and travelers on I-10. Strong daily foot traffic.

Quincy Market Snapshot
Population & Demographics
City Population: ~7,970 residents as of the 2020 Census, with slow growth (~0.09% annually) and stable trends

Gadsden County: ~43,642 residents (2023), minor decline (–0.24% from 2022), median household income ~$46,047

Median Age: 34.4 years (City), 42 years (County) .

Ethnic Composition: Majority Black/African American (~61% city; ~54% county), with growing Hispanic segment (city ~17.8%)


Housing & Economic Context
Median Home Value: ~$197–232K, relatively stable y

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