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7-Eleven 2400 Pleasantville Rd

2,528 SF Retail Building Fallston, MD 21047 £1,846,260 (£730/SF) 5% Net Initial Yield

Investment Highlights

  • An absolute NNN lease single-tenant 7-Eleven in affluent Baltimore MSA
  • 10% rental increases every 5 years during the primary term and option periods
  • Top 13% most visited 7-Eleven in America per Placer.ai
  • Brand-new 15-year lease extension fully backed by 7-Eleven, Inc.
  • 45+ year operating history at this site
  • Large 1.13 acre parcel with gas and convenience store – new 7-Eleven gas stations pay 3x the current rent

Executive Summary

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.

Attachments

7Eleven_FallstonMD

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,528 SF
Building Class
C
Year Built
1981
Price
£1,846,260
Price Per SF
£730
Net Initial Yield
5%
NOI
£92,313
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.13 AC
Zoning
B1
Frontage
200 ft on Fallston Road (MD-152)

Links

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2400 Pleasantville Rd, Fallston, MD - aerial map view

PROPERTY TAXES

Parcel Number 04-041976 Improvements Assessment £226,522
Land Assessment £476,635 Total Assessment £703,157

PROPERTY TAXES

Parcel Number
04-041976
Land Assessment
£476,635
Improvements Assessment
£226,522
Total Assessment
£703,157
(415) 274-2715

  • Listing ID: 33707751

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 2400 Pleasantville Rd, Fallston, MD 21047

The Retail Property at 2400 Pleasantville Rd, Fallston, MD 21047 is currently available For Sale. Contact CP Partners CRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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2400 Pleasantville Rd, Fallston, MD for sale Building Photo- Image 1 of 4
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2400 Pleasantville Rd, Fallston, MD for sale Building Photo- Image 2 of 4
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2400 Pleasantville Rd, Fallston, MD for sale Aerial- Image 3 of 4
Retail Aerial

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© 2024 CoStar Group

7-Eleven | 2400 Pleasantville Rd
(415) 274-2715 x

7-Eleven | 2400 Pleasantville Rd

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John Andreini

(415) 274-2715

(415) 274-2715

Kirby Dederian

(415) 274-2700

(415) 274-2700

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