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The Globe 12 Broad St 6,268 SF Retail Building Berlin, MD 21811 $2,028,226 CAD ($323.58 CAD/SF) 8% Cap Rate
Investment Highlights
- Located in Historic Downtown Berlin, MD
- Heavy Foot Traffic
- Exposed Brick Walls
Executive Summary
The Globe is located in historic Berlin, MD. The tenant is a restaurant operator under a 3 year Triple Net (NNN) lease with two 3 year options to renew. The annual rent increases by 3% each year. Full property details can be provided upon request with a confidentially agreement.
This property is an equipped restaurant with outisde tiki bar and patio. It is ready for an operator to take advantage of this well known Berlin location.
This property is an equipped restaurant with outisde tiki bar and patio. It is ready for an operator to take advantage of this well known Berlin location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,268 SF
Building Class
B
Year Built
1910
Price
$2,028,226 CAD
Price Per SF
$323.58 CAD
Cap Rate
8%
NOI
$162,188 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
B-1 - Town Center District, intended for mixed-use development (residential and commercial) in central areas
Parking
15 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
30’ on Broad St
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-029379 | Improvements Assessment | $608,858 CAD |
| Land Assessment | $266,367 CAD | Total Assessment | $875,225 CAD |
Property Taxes
Parcel Number
03-029379
Land Assessment
$266,367 CAD
Improvements Assessment
$608,858 CAD
Total Assessment
$875,225 CAD
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The Globe | 12 Broad St
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