7-Eleven | 6900 New Hampshire Ave
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7-Eleven 6900 New Hampshire Ave
2,790 SF Retail Building Takoma Park, MD 20912 $6,298,664 CAD ($2,258 CAD/SF) 5.26% Cap Rate
Executive Summary
Absolute NNN single tenant property leased to 7-Eleven, Inc., an investment-grade tenant with an S&P rating of A. According to Placer.ai, this location ranks in the top 15% of all 7-Eleven convenience stores in the United States.
The lease offers more than 9 years of term remaining and features absolute net terms, providing investors with zero landlord responsibilities.
The property is in a dense trade area with over 29,000 people living in 1 mile and 265,000 within 3 miles. Average household income within 1 mile is over $130,000/year.
Positioned at a signalized intersection (New Hampshire Ave & Hwy 410) with a combined traffic count exceeding 50,000 vehicles per day, the property is surrounded by a strong mix of national retailers, including Lidl, AutoZone, Planet Fitness, Wendy’s, and Dunkin’ Donuts. The property has a prime position on New Hampshire Ave, a main commuter thoroughfare running south into Washington, DC. The site is just 3 miles from the University of Maryland, home to over 30,000 students, and only 6 miles from the U.S. Capitol Building, this property is ideally situated in a high-demand, strategic location.
The lease offers more than 9 years of term remaining and features absolute net terms, providing investors with zero landlord responsibilities.
The property is in a dense trade area with over 29,000 people living in 1 mile and 265,000 within 3 miles. Average household income within 1 mile is over $130,000/year.
Positioned at a signalized intersection (New Hampshire Ave & Hwy 410) with a combined traffic count exceeding 50,000 vehicles per day, the property is surrounded by a strong mix of national retailers, including Lidl, AutoZone, Planet Fitness, Wendy’s, and Dunkin’ Donuts. The property has a prime position on New Hampshire Ave, a main commuter thoroughfare running south into Washington, DC. The site is just 3 miles from the University of Maryland, home to over 30,000 students, and only 6 miles from the U.S. Capitol Building, this property is ideally situated in a high-demand, strategic location.
Property Facts
Sale Type
Investment NNN
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,790 SF
Building Class
B
Year Built
2019
Price
$6,298,664 CAD
Price Per SF
$2,258 CAD
Cap Rate
5.26%
NOI
$331,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
0.36 AC
Zoning
CRT
Parking
12 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 13-03165248 | Improvements Assessment | $4,467,194 CAD |
| Land Assessment | $838,103 CAD | Total Assessment | $5,305,297 CAD |
PROPERTY TAXES
Parcel Number
13-03165248
Land Assessment
$838,103 CAD
Improvements Assessment
$4,467,194 CAD
Total Assessment
$5,305,297 CAD
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Brad Umansky -
Progressive Real Estate Partners
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7-Eleven | 6900 New Hampshire Ave
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