12 Broad St - Restaurant FOR SALE


Berlin, MD 21811
$1,440,000 USD
410-603-2826
12 Broad St, Berlin, MD for Sale
$1,440,000 USD
Restaurant - FOR SALE
1/10
null | 8% 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. This property is an equipped restaurant with outisde tiki bar and patio. It is ready for an operator to take advantage of this well known Berlin location.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Globe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

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 Notice.