10050 Baltimore Ave - Service Station FOR SALE


College Park, MD 20740
$7,175,000 USD
202-286-1542
10050 Baltimore Ave, College Park, MD for Sale
$7,175,000 USD
Service Station - FOR SALE
1/10
null | 4.6% Cap Rate

10050 Baltimore Ave
College Park, MD 20740


OVERVIEW

- Wawa corporate (1,100+ locations) signed lease - Over 16 years of initial term remaining with 6 (5-year) options to extend - Features 10% rental increases every 5 years - An outparcel to an IKEA anchored center that also features national/credit tenants including Chipotle, Dunkin’, Buffalo Wild Wings, Verizon, Truist Bank, Tropical Smoothie Cafe, and FedEx - Located near College Park Market Place, a Home Depot and Shoppers Grocery anchored center that also includes a Starbucks and ATI Physical Therapy - The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Costco, McDonald’s, ALDI, Panera Bread, Dollar Tree, and more - Located near the intersection of Baltimore Avenue and Interstate 95/495 which combine to average over 234,000 vehicles passing by daily Baltimore Avenue is a major retail thoroughfare serving the city of College Park - Excellent visibility from Baltimore Avenue (39,500 VPD) and multiple points of ingress/egress - More than 363,200 residents and 164,300 employees support the trade area - $124,267 average household income

FOR SALE DETAILS

PRICE

$7,175,000 USD

PRICE/SF

$1,515 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa - College Park, MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

LTOE

APN/PARCEL ID

01-3437894

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.