Seven Ten Entertainment Center 19330 Leitersburg Pike

Investment Highlights

NNN investment opportunity for a freestanding retail building with a long-term anchor tenant, Seven Ten. Ownership has invested over $3.5 million in gutting and renovating 19330 Leitersburg Pike with new HVAC, electric, roof, and plumbing. Nearby national retailers include Lowe's, Subway, Weis, McDonald's, CVS, Dollar General, and 7-Eleven. Seven Ten features 22 bowling lanes, an arcade, a full-functioning kitchen and restaurant, and entertainment venue space. Situated in Washington County's liquid investment market, characterized by heavy trading, where the market proved to be active again this past year. Seller Financing is available.

Executive Summary

19330 Leitersburg Pike presents an unmatched opportunity to acquire a highly visible freestanding retail building in Hagerstown. This NNN investment consists of a 43,000-square-foot building completely occupied by anchor tenant Seven Ten, holding a 10-year lease with fixed terms and an option for extension. Seven Ten is an area favorite with 22 bowling lanes, an arcade, a full-functioning kitchen and restaurant, and venue space perfect for entertaining, corporate events, music shows, and more. Within the last ten years, ownership has invested over $3.5 million in gutting and renovating the property. 19330 Leitersburg Pike features a double-sided digital LED pylon sign, a repaved parking lot, a security system, and all the components of a newer building. All HVAC, electric, and plumbing have been refurbished, while the roof has been replaced and is still under warranty. Seller financing is available. Situated in Washington County, 19330 Leiterburg Pike sits in a suburban neighborhood hosting the small-town feel with the amenities of a bustling city. Access is easy through Hagerstown's main artery, Leiterburg Pike, and major nearby roadways such as Interstate 81 and Route 11. The property is surrounded by residential neighborhoods, many national retailers, dining options, and services. Washington County is a very liquid investment market characterized by heavy trading, and the market proved to be active yet again this past year. Well maintained, with incredible accessibility, 19330 Leiterburg Pike is primed to offer an ideal investment opportunity.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Bowling Alley Bowling Alley General Retail Bar General Retail Restaurant Office Medical Bowling Alley
• Building Size    36,894
• Building Class    B
• Year Built/Renovated    1968/2011
• Price    4,250,000
• Price Per SF    115
• Cap Rate    7.06
• NOI    300,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.41
• Land Acres    2.07 AC

• Pylon Sign
• Restaurant
• Signage