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2215 W Patapsco Ave
Baltimore, MD 21230
Royal Farms - Baltimore, MD · Retail Property For Sale
EXECUTIVE SUMMARY
- Single-Tenant Royal Farms Gas Station (12 Pumps) + C-Store | Corporate Guaranty (Two Farms, Inc.) | 300+ Locations across Seven (7) States
- 4,165 SF Convenience Store | 12 Pump Gas Station | 34 Parking Stalls | Signalized Hard Corner Location (38,778 VPD)
- Long-Term Commitment | 11.9 Years of Primary Term Remaining | Scheduled 10.00% Rental Increases every 5 years | 4 (5-Year) Options Remaining | Absolute NNN (Ground Lease) | Zero Landlord Responsibilities
- High Traffic Signalized Hard Corner Location (38,778 VPD) | Outparcel to Hollinswood Shopping Center (129,764 SF Neighborhood Shopping Center) | 2.7 Miles from Downtown Baltimore, Maryland | Dense Infill Demographics
- 4,165 SF Convenience Store | 12 Pump Gas Station | 34 Parking Stalls | Signalized Hard Corner Location (38,778 VPD)
- Long-Term Commitment | 11.9 Years of Primary Term Remaining | Scheduled 10.00% Rental Increases every 5 years | 4 (5-Year) Options Remaining | Absolute NNN (Ground Lease) | Zero Landlord Responsibilities
- High Traffic Signalized Hard Corner Location (38,778 VPD) | Outparcel to Hollinswood Shopping Center (129,764 SF Neighborhood Shopping Center) | 2.7 Miles from Downtown Baltimore, Maryland | Dense Infill Demographics
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
15,118 SF
Building Class
B
Year Built
2018
Price
$2,791,840 CAD
Price Per SF
$184.67 CAD
Cap Rate
5.50%
NOI
$153,551 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
31 Spaces (11.07 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 7470L-011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,336,445 CAD |
PROPERTY TAXES
Parcel Number
7470L-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,336,445 CAD
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