2400 Pleasantville Rd, Fallston, MD 21047
2,520 SF | Retail Building | Fallston, MD 21047 | $2,340,000 ($929/SF) | 5% Cap Rate
Asking Price $2,340,000
- Property Type
-
Retail
- Square Feet
- 2,520 SF
- Price / Square Foot
- $929
Listing Contacts
Michael Walseth
Property Overview
• 15-Year Long-Term Absolute Net Ground Lease: Features 10% rental increases every 5 years and at the beginning of each option period.
• Proven Location: Over 45 years of continuous operation as a gas station.
• Strong Tenant Commitment: 7-Eleven is extending the lease term to 15 years starting in 2024, demonstrating their strong commitment to the location.
• Proven Location: Over 45 years of continuous operation as a gas station.
• Strong Tenant Commitment: 7-Eleven is extending the lease term to 15 years starting in 2024, demonstrating their strong commitment to the location.
Property Details
- Class
- C
- Year Built
- 1981
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store, Service
- Lot Size (sq. ft)
- 49,223 SF
Highlights
- 7-Eleven is the world’s largest and most recognizable convenience retailer.
- Located just 25 miles northeast of Baltimore, Maryland
- Easy access to major highways like I-95 and Route 1, facilitating convenient commutes to Baltimore, Washington D.C., and Philadelphia.
- Fallston, Maryland, a picturesque community in Harford County, offers tranquil suburban charm with high-quality amenities
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