3700 Donnell Dr - Convenience Store FOR SALE


District Heights, MD 20747
$7,000,000 USD
929-229-2614
3700 Donnell Dr, District Heights, MD for Sale
$7,000,000 USD
Convenience Store - FOR SALE
1/8
null | 5% Cap Rate

3700 Donnell Dr
District Heights, MD 20747


HIGHLIGHTS

  • 13+ Years Remaining | 10% Rental Increases | Corporate Guaranteed Lease | Options To Extend
  • Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Surrounding Shopping Centers | Excellent Visibility & Access
  • Capital Beltway (Interstate 495) | Regional Connectivity
  • Strong Demographics In 5-mile Trade Area | Washington D.C. MSA

OVERVIEW

• More than 13 years remaining on the initial 20-year ground lease • The lease features 10% rental increases every five years during the primary term, beginning in 2029 (Year 11 of the lease), and at the start of each option • Corporate guaranty • 4 (5-year) options to extend, demonstrating long-term commitment to the site

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$1,458 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Farms - Washington DC MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

CM

APN/PARCEL ID

06-0483693,06-0542787

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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