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Acqua al 2 18 Church Cir 8,140 SF Retail Building Annapolis, MD 21401 $9,077,668 CAD ($1,115.19 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 Years Remaining | Annual Rental Increases | Ideal Location
- Dense Retail Corridor | Strong National/Credit Tenant Presence | United States Naval Academy
- Strong Demographics in 5-mile Trade Area | Six Figure Income
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | State Rd 50 |Excellent Visibility
EXECUTIVE SUMMARY
• The tenant currently has 10+ years remaining on their initial lease with 1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Located in the heart of Annapolis, Acqua al 2 offers an authentic Tuscan dining experience. offers an authentic Tuscan Italian dining experience
• The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Located in the heart of Annapolis, Acqua al 2 offers an authentic Tuscan dining experience. offers an authentic Tuscan Italian dining experience
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,140 SF
Building Class
B
Year Built/Renovated
2022/2023
Price
$9,077,668 CAD
Price Per SF
$1,115.19 CAD
Cap Rate
6.75%
NOI
$612,706 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
2.08
Lot Size
0.09 AC
Zoning
C-2 - Conservation Business
Frontage
80’ on Church Cir
AMENITIES
- Corner Lot
- Restaurant
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Annapolis Crystals
- Retailer
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Annapolis Crystals | Retailer | - | - | Jan 0000 |
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-000-00137200 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,253,746 CAD |
PROPERTY TAXES
Parcel Number
06-000-00137200
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,253,746 CAD
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Acqua al 2 | 18 Church Cir
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