3111 Emmorton Rd
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3111 Emmorton Rd
2,520 SF Retail Building Abingdon, MD 21009 £2,187,680 (£868/SF) 9.56% Net Initial Yield
Investment Highlights
- LONG LEASE TERM – With over 9 years remaining on the base term of the lease, coupled with two additional five-year options
- ABSOLUTE NNN LEASE – Zero Landlord Responsibilities.
- CLOSE PROXIMITY TO I-95 – The subject property is located approximately 1.2 miles from I-95.
- This opportunity presents annual rental escalations based on the higher of 2.5% or 75% of the Consumer Price Index (CPI)
- LIMITED COMPETITION – There are only two competing dispensary locations within a 10-mile radius, with the nearest competitor over 5 miles away.
- LONG LEASE TERM – With over 9 years remaining on the base term of the lease, coupled with two additional five-year options
Executive Summary
Kyle Matthews
License No. 664913 (MD)
License No. 664913 (MD)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,520 SF
Building Class
B
Year Built
1977
Price
£2,187,680
Price Per SF
£868
Net Initial Yield
9.56%
NOI
£209,044
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
1.05 AC
Zoning
B3, County - (General Business District) Harford County, MD
Amenities
- Drive Thru
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01-093479 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £969,897 |
PROPERTY TAXES
Parcel Number
01-093479
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£969,897
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3111 Emmorton Rd
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