6000 Baltimore National Pike - Freestanding FOR SALE
Catonsville, MD 21228 |
$9,280,000 USD
404-441-3849
6000 Baltimore National Pike
Catonsville, MD 21228
HIGHLIGHTS
- Investment Grade Retailer | The Home Depot, Inc. (NYSE: HD; S&P: A)
- Absolute NNN Ground Lease with Renewal Options | 5% Rent Increases in Each of the Seven, 5-Year Renewal Options
- Potential Upside / Low Basis | Rare Opportunity to Purchase a Home Depot for under $10M | Well Below Market Rent of $4.66 PSF
- Barriers to Entry & Long Term Operating History | Lowe's & Home Depot have both operated in this market for 25+ years
- 7 Miles from Downtown Baltimore (MSA Population 2.87M+) | Along Baltimore National Pike (52,961 VPD) | Feet from On-Ramp to I-695 (183,437 VPD)
- Strategically Located as an anchor to a shopping center that is further tenanted by Lidl, Kidzville and The Vitamin Shoppe.
OVERVIEW
The CBRE Net Lease Property Group is pleased to announce for sale the 109,500-square-foot Home Depot positioned on 12.87 acres in Catonsville, MD — part of the Baltimore-Columbia-Towson, MD MSA (MSA Population: 2.87M+). Home Depot’s absolute NNN lease features ±5.1 years of term remaining with a 5% rent increase in each of the seven, 5-year renewal options. Originally set to expire in 2017, Home Depot’s lease was extended through 2030.
FOR SALE DETAILS
PRICE
$9,280,000 USD
PRICE/SF
$91 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Home Depot
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
12.87 AC
LAND SF
560,617 SF
ZONING
BR
APN/PARCEL ID
01-2500006979
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404-441-3849
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404-441-3849
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