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7-Eleven 2400 Pleasantville Rd

2,528 SF Retail Building Fallston, MD 21047 $3,224,248 CAD ($1,275 CAD/SF) 5.25% Cap Rate

Retail Space Maryland Fallston 2400 Pleasantville Rd, Fallston, MD 21047

INVESTMENT HIGHLIGHTS

  • An absolute NNN lease single-tenant 7-Eleven in affluent Baltimore MSA
  • 10% rental increases every 5 years during the primary term and option periods
  • Top 13% most visited 7-Eleven in America per Placer.ai
  • Brand-new 15-year lease extension fully backed by 7-Eleven, Inc.
  • 45+ year operating history at this site
  • Large 1.13 acre parcel with gas and convenience store – new 7-Eleven gas stations pay 3x the current rent

EXECUTIVE SUMMARY

Well below market 7-Eleven gas station rent. Brand-new 15-year absolute NNN ground lease extension featuring 10% rental increases every 5 years and three, 5-year extension options. Extremely affluent Maryland submarket – $181,788 average household incomes within a 3-mile radius of the subject property. Top 13% most visited 7-Eleven in America per Placer.ai.

ATTACHMENTS

7Eleven_FallstonMD

PROPERTY FACTS Under Contract

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,528 SF
Building Class
C
Year Built
1981
Price
$3,224,248 CAD
Price Per SF
$1,275 CAD
Cap Rate
5.25%
NOI
$169,240 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.13 AC
Zoning
B1 - B1 zoning in Baltimore, Maryland is a neighborhood commercial district that provides basic shopping and services for nearby residents.
Frontage
200 ft on Fallston Road (MD-152)

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage

LINKS

1 of 1
2400 Pleasantville Rd, Fallston, MD - AERIAL map view

PROPERTY TAXES

Parcel Number 04-041976 Improvements Assessment $410,533 CAD
Land Assessment $863,821 CAD Total Assessment $1,274,354 CAD

PROPERTY TAXES

Parcel Number
04-041976
Land Assessment
$863,821 CAD
Improvements Assessment
$410,533 CAD
Total Assessment
$1,274,354 CAD
(650) 678-7200

CONTACTS

  • Listing ID: 33707751

  • Date on Market: 2024-10-31

  • Last Updated:

  • Address: 2400 Pleasantville Rd, Fallston, MD 21047

The Retail Property at 2400 Pleasantville Rd, Fallston, MD 21047 is currently available for sale. Contact CP Partners CRE for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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2400 Pleasantville Rd, Fallston, MD for sale Building Photo- Image 1 of 4
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2400 Pleasantville Rd, Fallston, MD for sale Building Photo- Image 2 of 4
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2400 Pleasantville Rd, Fallston, MD for sale Aerial- Image 3 of 4
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7-Eleven | 2400 Pleasantville Rd
(650) 678-7200 x

7-Eleven | 2400 Pleasantville Rd

1/2

John Andreini

(650) 678-7200

(650) 678-7200

Kirby Dederian

(415) 274-2700

(415) 274-2700

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