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BP Oil | 17+yrs Remain Abs NNN w/ Annual Incr 320 Romancoke Rd 3,072 SF Retail Building Stevensville, MD 21666 $4,649,810 CAD ($1,513.61 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 17+ Years Remaining | 2% Annual Increases | Options To Extend |2021 Renovation | New Fuel Pumps | On-Site Car Wash
- Direct Access via US Hwy 50 (78,200 VPD) | Affluent Community |Excellent Visibility on Romancoke Rd (22,900 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
(BP Oil) investment property located in Stevensville, Maryland. The tenant has over 17 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property was renovated in 2021 and features new fuel pumps, a convenience store, and car wash.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
BP's purpose is reimagining energy for people and the planet. BP wants to help the world reach net zero and improve people’s lives. BP will aim to dramatically reduce carbon in their operations and in their production, and grow new low carbon businesses, products and services. BP will advocate for fundamental and rapid progress towards Paris and strive to be a leader in transparency. BP knows they don’t have all the answers and will listen and work with others. BP wants to be an energy company with purpose; one that is trusted by society, valued by shareholders and motivating for everyone who works at bp. BP believes they have the experience and expertise, the relationships and the reach, the skill and the will, to do this.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-030753 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,848,794 CAD |
PROPERTY TAXES
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BP Oil | 17+yrs Remain Abs NNN w/ Annual Incr | 320 Romancoke Rd
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