7-Eleven | 3901 Pulaski Hwy
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7-Eleven 3901 Pulaski Hwy
2,970 SF Retail Building Abingdon, MD 21009 £1,549,251 (£522/SF) 5% Net Initial Yield
Investment Highlights
- An absolute NNN lease single-tenant 7-Eleven in affluent Baltimore MSA suburb
- 10% rental increases every 5 years during the primary term and option periods
- Large 2.19 acre parcel with gas and convenience store – new 7-Eleven gas stations pay 3x the current rent
- Brand-new 15-year lease extension fully backed by 7-Eleven, Inc.
- 22+ year operating history at this site
- Close proximity to the I-95 corridor, providing convenient access to Baltimore, Washington D .C., and Philadelphia
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 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.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,970 SF
Building Class
B
Year Built
2002
Price
£1,549,251
Price Per SF
£522
Net Initial Yield
5%
NOI
£77,463
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
2.19 AC
Frontage
95 ft on Pulaski Hwy
PROPERTY TAXES
Parcel Number | 01-105264 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £1,281,105 |
PROPERTY TAXES
Parcel Number
01-105264
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,281,105
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7-Eleven | 3901 Pulaski Hwy
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