3111 Emmorton Rd
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3111 Emmorton Rd
2,520 SF Retail Building Abingdon, MD 21009 $3,913,910 CAD ($1,553 CAD/SF) 9.56% Cap Rate
Investment Highlights
- LONG LEASE TERM – With over 9 years remaining on the base term of the lease, coupled with two additional five-year options
- ABSOLUTE NNN LEASE – Zero Landlord Responsibilities.
- CLOSE PROXIMITY TO I-95 – The subject property is located approximately 1.2 miles from I-95.
- This opportunity presents annual rental escalations based on the higher of 2.5% or 75% of the Consumer Price Index (CPI)
- LIMITED COMPETITION – There are only two competing dispensary locations within a 10-mile radius, with the nearest competitor over 5 miles away.
- LONG LEASE TERM – With over 9 years remaining on the base term of the lease, coupled with two additional five-year options
Executive Summary
Kyle Matthews
License No. 664913 (MD)
License No. 664913 (MD)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,520 SF
Building Class
B
Year Built
1977
Price
$3,913,910 CAD
Price Per SF
$1,553 CAD
Cap Rate
9.56%
NOI
$373,993 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Zoning
B3, County - (General Business District) Harford County, MD
Amenities
- Drive Thru
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01-093479 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $1,754,333 CAD |
PROPERTY TAXES
Parcel Number
01-093479
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,754,333 CAD
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3111 Emmorton Rd
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