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Royal Farms - Washington DC MSA 3700 Donnell Dr 5,000 SF Retail Building District Heights, MD 20747 $9,581,110 CAD ($1,916.22 CAD/SF) 5% Cap Rate
Investment Highlights
- 13+ Years Remaining | 10% Rental Increases | Corporate Guaranteed Lease | Options To Extend
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Surrounding Shopping Centers | Excellent Visibility & Access
- Strong Demographics In 5-mile Trade Area | Washington D.C. MSA
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Capital Beltway (Interstate 495) | Regional Connectivity
Executive Summary
• More than 13 years remaining on the initial 20-year ground lease
• The lease features 10% rental increases every five years during the primary term, beginning in 2029 (Year 11 of the lease), and at the start of each option
• Corporate guaranty
• 4 (5-year) options to extend, demonstrating long-term commitment to the site
• The lease features 10% rental increases every five years during the primary term, beginning in 2029 (Year 11 of the lease), and at the start of each option
• Corporate guaranty
• 4 (5-year) options to extend, demonstrating long-term commitment to the site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
2019
Price
$9,581,110 CAD
Price Per SF
$1,916.22 CAD
Cap Rate
5%
NOI
$479,055 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.42 AC
Zoning
CM - Commercial Miscellaneous
Parking
46 Spaces (9.2 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $337,939 CAD | Total Assessment | $6,937,179 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$337,939 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,937,179 CAD
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Royal Farms - Washington DC MSA | 3700 Donnell Dr
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