9580 Livingston Rd - Storefront FOR SALE


Fort Washington, MD 20744
$13,350,000 USD
202-286-1542
9580 Livingston Rd, Fort Washington, MD for Sale
$13,350,000 USD
Storefront - FOR SALE
1/10
null | 5.75% Cap Rate

9580 Livingston Rd
Fort Washington, MD 20744


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rent Increases
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Neighboring Retailers | Near National Harbor | Starbucks Equipped
  • Anchor to Shoppes at Livingston Square | MD-210 (80,000 VPD) | Interstate 495 (236,700 VPD) | Strong Placer.AI Rankings
  • Strong Demographics in 5-Mile Trade Area | Limited Competition | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Giant investment property located in Fort Washington, MD. The tenant, Giant, has 15 years remaining on their lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The rent increases by roughly $1 per square foot every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to the roof & structure making it an ideal, limited management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$13,350,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Giant | NNN | 1.1M Annual Visits

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

175

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,221 SF

ZONING

CGO

APN/PARCEL ID

05-0316968

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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