address----602 s philadelphia blvd Aberdeen , MD 21001
Property Type---retail
Lease type----absolute NNN
Tenancy----Single
Lease commencement----5/1/99
Remaining term----5 years
Price/Sq Ft-----$633/sq ft
Price----$2,098,704
NOI---$104,935.20
Lot size-----1.04ac
Lease Options----(5) 5 year options w 15% increases
Investment type----net lease
Tenant credit----credit rated
Lease term----this was a 20 year lease...tenant just executed its first 5 year renewal option(begins 5/1/19)
Lease expiration---4/30/2024
Square Footage---2,940
Cap Rate----5%
Year built----1999
Rent bumps----15% increases every 5 years in primary period as well as all option periods
Ownership----Fee simple