About This Restaurant
Investment Highlights
Brand-New 20-Year Ground Lease (8) Eight, (5) Five-Year Options Bringing the Potential Lease Term to 60 Years! Attractive Rental Escalations | 10% Every 5 Years
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for the Chick-fil-A located at 6965 Security Boulevard in Baltimore, Maryland. The site consists of roughly 4,989 rentable square feet of building space on an estimated 1.46-acre parcel of land. This Chick-fil-A opened on December 12, 2022 and is subject to a 20-year absolute triple-net (NNN) ground lease. The initial annual rent is $135,750 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 8, 5-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 4,989
- Building Class B
- Year Built 2022
- Price 3,194,117
- Price Per SF 640
- Cap Rate 4.25
- NOI 135,750
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.46 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
| Date Created: | 2024-07-16 04:16:17 | Last Updated: | 2024-07-16 04:16:17 |
| Address: | 6965 Security Blvd , Baltimore, Maryland, 21244 | ||