12 Broad St - Restaurant FOR SALE


Berlin, MD 21811
$1,645,000 USD
410-603-2826
12 Broad St, Berlin, MD for Sale
$1,645,000 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

12 Broad St
Berlin, MD 21811


HIGHLIGHTS

  • Located in Historic Downtown Berlin, MD
  • Exposed Brick Walls
  • Heavy Foot Traffic

OVERVIEW

The Globe is located in historic Berlin, MD. The tenant is a restaurant operator under a 3 year Triple Net (NNN) lease with two 3 year options to renew. The annual rent increases by 3% each year. Full property details can be provided upon request with a confidentially agreement. The tenant operates under "Oaked at The Globe." Do not disturb the tenant or inspect the property without coordination with the listing agent.

FOR SALE DETAILS

PRICE

$1,645,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Globe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,487 SF

ZONING

B-1

APN/PARCEL ID

03-029379

ASK ABOUT THIS PROPERTY

Blair RinnierRinnier Development CompanyMore Info
410-603-2826

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Blair RinnierRinnier Development CompanyMore Info
410-603-2826

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