3901 Pulaski Hwy - Convenience Store FOR SALE


Abingdon, MD 21009
$1,980,000 USD
650-678-7200
3901 Pulaski Hwy, Abingdon, MD for Sale
$1,980,000 USD
Convenience Store - FOR SALE
1/2
null | 5% Cap Rate

3901 Pulaski Hwy
Abingdon, MD 21009


HIGHLIGHTS

  • An absolute NNN lease single-tenant 7-Eleven in affluent Baltimore MSA suburb
  • 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
  • 22+ year operating history at this site
  • Large 2.19 acre parcel with gas and convenience store – new 7-Eleven gas stations pay 3x the current rent
  • Close proximity to the I-95 corridor, providing convenient access to Baltimore, Washington D .C., and Philadelphia

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 3, 5-year extension options. Hard corner signalized location on Pulaski Highway – 24,158 VPD. Affluent residential demographics – $117,687 average household incomes within a 3-mile radius of the subject property.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$660 USD /SF

CAP RATE

5%

% 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

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

-

APN/PARCEL ID

01-105264

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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