320 Romancoke Rd - Service Station FOR SALE


Stevensville, MD 21666
$3,464,000 USD
714-393-2552
320 Romancoke Rd, Stevensville, MD for Sale
$3,464,000 USD
Service Station - FOR SALE
1/8
null | 6.25% Cap Rate

320 Romancoke Rd
Stevensville, MD 21666


HIGHLIGHTS

  • 17+ Years Remaining | 2% Annual Increases | Options To Extend |2021 Renovation | New Fuel Pumps | On-Site Car Wash
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Direct Access via US Hwy 50 (78,200 VPD) | Affluent Community |Excellent Visibility on Romancoke Rd (22,900 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Kent Island Depot (BP Oil) investment property located in Stevensville, Maryland. The tenant has over 17 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, 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. The property was renovated in 2021 and features new fuel pumps, a convenience store, and car wash.

FOR SALE DETAILS

PRICE

$3,464,000 USD

PRICE/SF

$1,128 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BP Oil | 17+yrs Remain Abs NNN w/ Annual Incr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

UC

APN/PARCEL ID

04-030753

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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