About This Restaurant
Investment Highlights
Executive Summary
? Brand new redevelopment with $1M+ buildout & improvements? 10-year Net Leases with 2% annual rent increases? Tenants pay management and administrative fees? New Roof with warranty? Fully depreciable, two-tenant investment property? Within the vibrant Penn Mar Shopping Center, one of the top performing community centers in the USA? Located at Forestville?s 58,500 VPD retail hub with Target, Walgreens, Raising Cane?s, Starbucks, Shoppers, Wendy?s, Taco Bell, Five Below, JC Penny and more? 5-mile trade area population of over 293,000? 26 Minutes from Ronald Reagan Washington National Airport and Washington DC? $99,615 average household income within a 3-mile radius
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Fast Food General Retail Freestanding Storefront
- Building Size 4,975
- Building Class B
- Year Built 1977
- Price 3,999,000
- Price Per SF 804
- Cap Rate 6.35
- NOI 253,900
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 1.07 AC
Amenities
- Signalized Intersection
- Drive Thru
Nearby Amenities & Transportation
| Retail | Starbucks | ||
| Retail | Truist | ||
| Retail | Applebee's | ||
| Retail | Wingstop | ||
| Retail | IHOP | ||
| Retail | Shoppers | ||
| Retail | PNC Bank | ||
| Retail | Bank of America | ||
| Retail | Checkers | ||
| Retail | ALDI |
Property Taxes
| Parcel Number | 06-0586354 | Improvements Assessment | $2,394,100 |
| Land Assessment | $4,015,700 | Total Assessment | $6,409,800 |
| Date Created: | 2024-07-16 04:16:17 | Last Updated: | 2024-07-16 04:16:17 |
| Address: | 3550 Donnell Dr , Forestville, Maryland, 20747 | ||