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Pizza Hut 3222 Solomons Island Rd

5,200 SF 100% Leased Retail Building Edgewater, MD 21037 $1,704,717 CAD ($328 CAD/SF) 7% Cap Rate

Investment Highlights

  • Long-Term, 10-Year Absolute Triple Net (NNN) Lease - Zero Landlord Responsibilities
  • Franchisee Guarantee - Strong Franchisee Guarantee from Quality Huts (350+ Units)
  • Annual Rental Increases - 1.50% Annual Rental Increases

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Pizza Hut located at
3222 Solomon's Island Rd, Edgewater, MD 21037. The site consists of
roughly 5,200 rentable square feet of building space on an estimated 1.05-
acre parcel of land. This Pizza Hut is subject to a 10-year Triple Net (NNN)
lease, which commenced 4/1/2024. The current annual rent is $84,848 and
has scheduled increases of 1.50% Annually.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,200 SF
Building Class
C
Year Built
2002
Price
$1,704,717 CAD
Price Per SF
$328 CAD
Cap Rate
7%
NOI
$119,330 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Land Acres
1.05 AC
Zoning
C3 & R2 - General Commercial & Residential District
Frontage
105 ft on Solomons Island Rd

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 5,232 SF
  • Restaurant
  • Outparcel
  • 60 Days

Free-standing restaurant or redevelopment opportunity located near the intersection of Solomons Island Road and Chance Road. The property offers excellent access and visibility and includes pylon signage. Landlord will also consider ground lease or build-to-suit opportunities here.

Space Size Space Use Position Available
1st Floor 5,232 SF Restaurant Outparcel 60 Days

1st Floor

Size
5,232 SF
Space Use
Restaurant
Position
Outparcel
Available
60 Days

1st Floor

Size 5,232 SF
Space Use Restaurant
Position Outparcel
Available 60 Days

Free-standing restaurant or redevelopment opportunity located near the intersection of Solomons Island Road and Chance Road. The property offers excellent access and visibility and includes pylon signage. Landlord will also consider ground lease or build-to-suit opportunities here.

Nearby Major Retailers

Bank of America
Sandy Spring Bank
Starbucks
Safeway
The Greene Turtle Sports Bar& Grille
Truist
Weis Markets
Shore United Bank
Chase
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-744-05814801
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,868,752 CAD
  • Listing ID: 32171314

  • Date on Market: 2024-06-18

  • Last Updated:

  • Address: 3222 Solomons Island Rd, Edgewater, MD 21037

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