1918 Bel Air Rd, Fallston, MD 21047

3,600 SF | Retail Building | Fallston, MD 21047 | $2,540,000 ($706/SF) | 8.50% Cap Rate

Asking Price $2,540,000

Property Type: Retail
Square Feet: 3,600 SF
Price / Square Foot: $706

Listing Contacts

Matthew Gorman

Michael Shover

Ryan Sciullo

Property Overview

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 3,600 square foot The Local restaurant located in Fallston, Maryland. The tenant is operating on a brand new NNN lease with a full 10-year term and two, five year options to renew, limited landlord responsibilities, and the tenant pay its pro rata share of all expenses, insurance, and taxes.

Property Details

Year Built: 2016
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 20,473 SF

Highlights

The subject property lease features 2% annual rental increases throughout the base term and each option period
Brand new NNN lease with a full 10-year term and 2x5 year options to renew, limited landlord responsibilities, tenant reimbursing it’s pro rata share
Average household incomes in the 1, 3, and 5 miles surrounding the property range from $137,675- $153,143
Evolved Hospitality Group and Chef Zack Trabbold have won Baltimore Magazine’s Best Chef for three years in a row (2022-2024)
The subject property has tremendous visibility and ingress/egress on Belair Road/Route 1 (30,382 V.P.D.)

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