2400 Pleasantville Rd - Convenience Store FOR SALE
Fallston, MD 21047 |
$2,229,000 USD
650-678-7200
2400 Pleasantville Rd
Fallston, MD 21047
HIGHLIGHTS
- An absolute NNN lease single-tenant 7-Eleven in affluent Baltimore MSA
- Brand-new 15-year lease extension fully backed by 7-Eleven, Inc.
- 10% rental increases every 5 years during the primary term and option periods
- 45+ year operating history at this site
- Top 13% most visited 7-Eleven in America per Placer.ai
- Large 1.13 acre parcel with gas and convenience store – new 7-Eleven gas stations pay 3x the current rent
OVERVIEW
Well below market 7-Eleven gas station rent. Brand-new 15-year absolute NNN ground lease extension featuring 10% rental increases every 5 years and three, 5-year extension options. Extremely affluent Maryland submarket – $181,788 average household incomes within a 3-mile radius of the subject property. Top 13% most visited 7-Eleven in America per Placer.ai.
FOR SALE DETAILS
PRICE
$2,229,000 USD
PRICE/SF
$885 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.13 AC
LAND SF
49,223 SF
ZONING
B1
APN/PARCEL ID
04-041976
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650-678-7200
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650-678-7200
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