801 Commerce Center Dr - Retail FOR SALE


Elkton, MD 21921
$7,000,000 USD
516-477-7026
801 Commerce Center Dr, Elkton, MD for Sale
$7,000,000 USD
Retail - FOR SALE
1/3
null | 6.25% Cap Rate

801 Commerce Center Dr
Elkton, MD 21921


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Flagship Carwash Corporate Guarantee
  • Strong Retail Corridor
  • Strong Affluent Demographics
  • Proximity to ChristianaCare Union Hospital
  • Situated Between Two Major Metropolitan Markets

OVERVIEW

Surmount is pleased to present the exclusive listing for a Flagship Carwash located at 200 Kimberton Road, Phoenixville, PA 19460. The site consists of roughly 11,305 rentable square feet of building space on an estimated 1.75-acre parcel of land. Flagship Carwash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $562,500 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$1,556 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

C2

APN/PARCEL ID

03-115429

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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