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First Watch | New 15yr Corp Abs NNN w/ Incrs 9680 Lottsford Ct 6,586 SF Retail Building Upper Marlboro, MD 20774 $6,028,938 CAD ($915.42 CAD/SF) 5.35% Cap Rate
Investment Highlights
- New, 15-Year Lease | Options to Extend |Scheduled Rental Increases | 2.51 Acre Lot
- Woodmore Towne Center | Multifamily Development (398+ Units) |University of Maryland Capital Region Medical Center
- Absolute NNN Lease | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding First Watch investment property located in Upper Marlboro, Maryland (Washington DC MSA). The tenant, First Watch, recently signed a new, 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a hedge against inflation and steadily growing NOI. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management free investment for a passive investor. As of Q3 2025, First Watch total revenue increased 25.6% compared to the same period of 2024 and same-restaurant sales grew 7.1%.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,586 SF
Building Class
B
Year Built/Renovated
2005/2025
Price
$6,028,938 CAD
Price Per SF
$915.42 CAD
Cap Rate
5.35%
NOI
$322,526 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.51 AC
Opportunity Zone
Yes
Zoning
RTO-H-e - RTO-H-E
Parking
137 Spaces (20.8 Spaces per 1,000 SF Leased)
Frontage
189’ on lottsford rd
Amenities
- Corner Lot
- Restaurant
- Signalized Intersection
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- First Watch
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| First Watch | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-3394491 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,709,394 CAD |
Property Taxes
Parcel Number
13-3394491
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,709,394 CAD
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First Watch | New 15yr Corp Abs NNN w/ Incrs | 9680 Lottsford Ct
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