18 Church Cir - Restaurant FOR SALE


Annapolis, MD 21401- Downtown Annapolis
$7,800,000 USD
202-286-1542
18 Church Cir, Annapolis, MD for Sale
$7,800,000 USD
Restaurant - FOR SALE
1/7
null | 6.75% Cap Rate

18 Church Cir
Annapolis, MD 21401
Downtown Annapolis


HIGHLIGHTS

  • 11+ Years of Term | Annual Rent Growth, % Rent | Strong Performing Location with Dual Concept Bar & Restaurant
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Strong Demographics in 5-mile Trade Area | Six Figure Income
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | United States Naval Academy
  • Signalized, Hard Corner Intersection | State Rd 50 |Excellent Visibility

OVERVIEW

• The tenant currently has 11+ years remaining on their initial lease with 1 (5-year) option to extend, demonstrating their commitment to the site • The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation • Located in the heart of Historic Annapolis on Church Circle & Main Street adjacent to the State House, along the retail and cultural center of downtown Annapolis. Acqua al 2 offers an authentic Tuscan dining experience, while Harold Black is a hidden speakeasy-style lower-level bar serving craft cocktails and Italian dishes in a cozy, historic bank vault setting.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$958 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Acqua al 2 - Annapolis MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C-2

APN/PARCEL ID

06-000-00137200

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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