6901 Van Dusen Rd - Convenience Store FOR SALE


Laurel, MD 20707
$5,000,000 USD
202-847-4200
6901 Van Dusen Rd, Laurel, MD for Sale
$5,000,000 USD
Convenience Store - FOR SALE
1/5
null | 5.5% Cap Rate

6901 Van Dusen Rd
Laurel, MD 20707


HIGHLIGHTS

  • Long-Term Ground Lease
  • Attractive Rent Increases
  • Corporate Lease
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • Konterra Town Center

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a Royal Farms ground lease located at 6901 Van Dusen Road in Laurel, Maryland (“the Property”). The gas station and convenience store was constructed in 2019 and has 13+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease calls for an attractive 10% rent increase every five years throughout the primary lease term and at the start of all four of the five-year renewal options. Royal Farms is extremely well located adjacent to the signalized intersection of Konterra Drive and Van Dusen Road. The Property enjoys outstanding frontage, visibility and access and is and is 0.4-miles from Interstate 95 and 1.5-miles from US Route 1, the area’s primary commercial corridor. Royal Farms is adjacent to Avalon Laurel, a 344-unit Class A Apartment Community and is across from a larger development that is home to Starbucks, Chipotle, Wawa and Duvall Westside, a 484-unit Class A Apartment Community. The Property is surrounded by large apartment communities and densely populated residential neighborhoods that provide a captive customer base, and enjoys convenient access to the area hospital, several large Business and Technology campuses, and a large industrial park, all of which drive traffic to the immediate area. Laurel enjoys a unique position roughly halfway between Washington, DC and Baltimore, MD, and its relative seclusion makes it an attractive option for commuters who work in either city but prefer a small-town environment. The proximity to Fort Mead also makes Laurel a popular option for Department of Defense employees and military personnel seeking off-base housing.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Farms

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

-

APN/PARCEL ID

10-5554772

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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