4910 Bethesda Ave - Storefront FOR SALE


Bethesda, MD 20814
$2,313,988 USD
202-772-0530
4910 Bethesda Ave, Bethesda, MD for Sale
$2,313,988 USD
Storefront - FOR SALE
1/1
null | 6% Cap Rate

4910 Bethesda Ave
Bethesda, MD 20814


HIGHLIGHTS

  • Over three-years of base term remain on a NNN lease with one, five-year option thereafter (3% increases annually)
  • Long-term occupancy - the tenant has operated at this location since 2008
  • Rare low price point asset in extremely high-barrier-to-entry market
  • Over $691MM in total consumer spending on food and alcohol alone within a three-mile radius of the property
  • Average household income of $190,000+ within a three-mile radius of the property
  • Ideal for a buyer in a 1031 exchange seeking a management free asset

OVERVIEW

4910 Bethesda Avenue is a NNN leased generational piece of retail real estate located in the heart of highly coveted downtown Bethesda. The property is ideally positioned along “Bethesda Row”, the area’s premier high-end shopping and dining destination; lined with national tenants such as Giant, Mercedes-Benz, Williams-Sonoma, Pottery Barn, Anthropologie, Nike, Apple, lululemon, Vuori, Warby Parker, Allbirds, Sweetgreen and Starbucks to name a few. Cork 57, an upscale Beer & Wine store, has occupied the property since 2008 on a NNN lease that includes annual escalations. The offering represents a rare opportunity to acquire exceptional real estate located in an extremely high-barriers-to-entry market that is NNN leased to an established local tenant.

FOR SALE DETAILS

PRICE

$2,313,988 USD

PRICE/SF

$1,928 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CRT

APN/PARCEL ID

07-00435181

ASK ABOUT THIS PROPERTY

Danny BrookerMonument Realty LLCMore Info
202-772-0530

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Danny BrookerMonument Realty LLCMore Info
202-772-0530

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