1189 E Pulaski Hwy - Medical FOR SALE


Elkton, MD 21921
$2,227,000 USD
415-852-5177
1189 E Pulaski Hwy, Elkton, MD for Sale
$2,227,000 USD
Medical - FOR SALE
1/6
null | 5% Cap Rate

1189 E Pulaski Hwy
Elkton, MD 21921


HIGHLIGHTS

  • Newly casted 10-year absolute NNN lease with a proven store, demonstrating long-term commitment to the site
  • Tenant is responsible for all property expenses, including taxes, insurance, and maintenance, ensuring a completely passive investment
  • 10% rental increases every five years during the lease term and options, providing a strong hedge against inflation
  • Heartland Dental supports over 1,800 practices nationwide, backed by a strong financial foundation and proven operational success

OVERVIEW

Situated on E Pulaski Highway, a major commercial thoroughfare, with traffic counts exceeding 26,000 AADT. The property benefits from strong exposure and accessibility to Elkton’s expanding residential and retail sectors. 10-year Absolute NNN lease with 10% rental increases every five years, providing reliable, growing income for investors. Leased to Heartland Dental, the largest dental support organization in the U.S., with over 1,800 locations nationwide, ensuring brand stability and operational expertise. Located in a high-demand retail corridor, directly across from Walmart Supercenter, surrounded by grocery stores, banks, and national retailers, ensuring steady consumer foot traffic. The 5-mile population exceeds 80,000 residents, with average household incomes of $114,568, demonstrating strong consumer spending power. Built in 2020, the 3,265 SF facility features a modern design, energy-efficient infrastructure, and high-quality finishes, minimizing maintenance costs.

FOR SALE DETAILS

PRICE

$2,227,000 USD

PRICE/SF

$682 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

C2

APN/PARCEL ID

03-020401

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.