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7-Eleven - Sunderland, MD 35 Dalrymple Rd 2,732 SF Retail Building Sunderland, MD 20689 $7,085,690 CAD ($2,593.59 CAD/SF) 5.25% Cap Rate
EXECUTIVE SUMMARY
- CORPORATELY GUARANTEED LEASE WITH 7-ELEVEN, INC. | INVESTMENT GRADE CREDIT (S&P: A-) | 7-ELEVEN IS THE
LARGEST C-STORE RETAIL CHAIN IN THE WORLD | 77,000+ STORES WORLDWIDE / 13,000+ LOCATIONS IN NORTH AMERICA
- LONG-TERM COMMITMENT | 10.4 YEARS OF PRIMARY TERM REMAINING | 10.00% RENTAL INCREASES EVERY 5 YEARS DURING THE BASE TERM | 7.50% RENTAL INCREASES DURING EACH OF THE FIRST 4 (5-YEAR) OPTIONS | FMV IN OPTION 5 | EXTREMELY PASSIVE ABSOLUTE NNN LEASE | FEE SIMPLE LEASE, ALLOWING FOR ACCELERATED DEPRECIATION
- LOCATED ON SOLOMONS ISLAND RD (14,140 VPD) | 0.57 MILES FROM SOUTHERN MARYLAND BLVD/ROUTE 4 (29,758 VPD)| LOCATED 25 MILES SOUTHEAST OF WASHINGTON D.C.
- SUNDERLAND, MD LOCATION | STABLE & AFFLUENT DEMOGRAPHICS | CLOSE PROXIMITY TO THE WASHINGTON D.C & BALTIMORE, MD DOWNTOWNS
LARGEST C-STORE RETAIL CHAIN IN THE WORLD | 77,000+ STORES WORLDWIDE / 13,000+ LOCATIONS IN NORTH AMERICA
- LONG-TERM COMMITMENT | 10.4 YEARS OF PRIMARY TERM REMAINING | 10.00% RENTAL INCREASES EVERY 5 YEARS DURING THE BASE TERM | 7.50% RENTAL INCREASES DURING EACH OF THE FIRST 4 (5-YEAR) OPTIONS | FMV IN OPTION 5 | EXTREMELY PASSIVE ABSOLUTE NNN LEASE | FEE SIMPLE LEASE, ALLOWING FOR ACCELERATED DEPRECIATION
- LOCATED ON SOLOMONS ISLAND RD (14,140 VPD) | 0.57 MILES FROM SOUTHERN MARYLAND BLVD/ROUTE 4 (29,758 VPD)| LOCATED 25 MILES SOUTHEAST OF WASHINGTON D.C.
- SUNDERLAND, MD LOCATION | STABLE & AFFLUENT DEMOGRAPHICS | CLOSE PROXIMITY TO THE WASHINGTON D.C & BALTIMORE, MD DOWNTOWNS
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,732 SF
Building Class
C
Year Built
2002
Price
$7,085,690 CAD
Price Per SF
$2,593.59 CAD
Cap Rate
5.25%
NOI
$371,999 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.78 AC
Zoning
RC
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-179109 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,055,723 CAD |
PROPERTY TAXES
Parcel Number
03-179109
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,055,723 CAD
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7-Eleven - Sunderland, MD | 35 Dalrymple Rd
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