7010 Westmoreland Ave - Retail FOR SALE


Takoma Park, MD 20912
$975,000 USD
301-961-9696
7010 Westmoreland Ave, Takoma Park, MD for Sale
$975,000 USD
Retail - FOR SALE
1/22
null | 8% Cap Rate

7010 Westmoreland Ave
Takoma Park, MD 20912


HIGHLIGHTS

  • 8.0 CAP Rate
  • 5-year NNN lease
  • Located in downtown Takoma Park
  • 4+ surface parking spaces onsite
  • Abundant public parking nearby
  • Vibrant area surrounded by complimentary retail uses

OVERVIEW

7010 Westmoreland Avenue presents an opportunity to acquire a net-leased retail asset in the heart of downtown Takoma Park. The House of Musical Traditions has been at this location since 2007. The property consists of a two-story commercial building situated on a 5,364-square-foot lot zoned N-R and is offered with a long-term tenant in place. The current tenancy includes a five-year NNN lease with a five-year renewal option, providing investors with contractual income and operational expense pass-through structure.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,364 SF

ZONING

N-R

APN/PARCEL ID

13-01057901

ASK ABOUT THIS PROPERTY

Sam FarnumAMR Commercial, LLCMore Info
301-961-9696

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Sam FarnumAMR Commercial, LLCMore Info
301-961-9696

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