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8457-8459 Fort Smallwood Rd 2,422 SF Retail Building Pasadena, MD 21122 $4,278,892 CAD ($1,766.68 CAD/SF) 5.50% Cap Rate
Investment Highlights
- New 10-year lease with four (4) 5-year options
- 2,422 SF ± freestanding restaurant with drive-thru
- Attractive location in Pasadena, MD
- Starbucks Corporation guaranty
- NNN Lease structure
Executive Summary
8457-8459 Fort Smallwood Road presents a 100% leased Starbucks investment opportunity in Pasadena, Maryland. The property consists of a 2,422 SF ± freestanding restaurant with drive-thru service situated on a 0.909-acre ± corner site with access from both Fort Smallwood Road and Meadow Road. The asset is secured by a Starbucks Corporation guaranty and a new 10-year NNN lease commencing May 15, 2026, with four (4) 5-year renewal options. The highly visible location benefits from traffic counts exceeding 17,000 vehicles per day and offers convenient access to Route 2 and I-695.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,422 SF
Building Class
A
Year Built/Renovated
1979/2026
Price
$4,278,892 CAD
Price Per SF
$1,766.68 CAD
Cap Rate
5.50%
NOI
$235,339 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Zoning
C3 - C-3.
Parking
36 Spaces (14.86 Spaces per 1,000 SF Leased)
Frontage
37’ on Fort Smallwood Rd
Amenities
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $218,828 CAD | |
| Land Assessment | $505,919 CAD | Total Assessment | $724,748 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$505,919 CAD
Improvements Assessment
$218,828 CAD
Total Assessment
$724,748 CAD
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8457-8459 Fort Smallwood Rd
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