1203 National Hwy - Restaurant FOR SALE


Lavale, MD 21502
$3,047,000 USD
480-221-4221
1203 National Hwy, Lavale, MD for Sale
$3,047,000 USD
Restaurant - FOR SALE
1/8
null | 7% Cap Rate

1203 National Hwy
Lavale, MD 21502


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Country Club Mall (594,000 SF) | Braddock Square (259,000 SF) | La Vale Plaza (138,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Bob Evans investment property located in La Vale, Maryland. The tenant, Bob Evans Restaurants, LLC recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases starting in May 2027 and continuing throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,047,000 USD

PRICE/SF

$529 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans | New 20yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,893 SF

ZONING

B

APN/PARCEL ID

29-043248

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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