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10601 Baltimore Avenue

BELTSVILLE, MD 20705
  • $3,185,244
  • STATUS: Active
  • ON SITE: 72 Days
  • ID#: MDPG2073312
UPDATED: 49 min ago
$3,185,244
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1990
County:

School Ratings & Info

Description

Triple Net Investment Group is proud to present 10601 Baltimore Avenue NNN Master Lease. Property is located at 10601 Baltimore Avenue, Beltsville, MD, 20705. Tenant after successfully operating on first floor for 5 years agreed to extend the lease for 15 more years for entire building and expand his business to the second floor. Tenant executed a NNN Master Lease with personal guarantee which has no LL responsibilities. Holmes spent $450k in built out and landlord spent $50k on third floor renovation in 2022. Holmes Lounge LLC subleases to an office, salon and media company on the 3rd floor, they occupy the 1st an d2nd floors exclusively. The property is situated on .4 Acres of land and has a building size of 9,080+ Sq ft. This location features strong demographics with an estimate of +1,300,000 population, and a Average Household income of +$117,000 - all in a 5 mile radius. This dense retail corridor has many national tenants such as Aldi, IKEA, 7-Eleven, McDonalds, and many more. Tenant operates 2 other locations in DMV and is very strong financially

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Gail Nyman Group | Re/Max United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-05-31T23:55:52.2.
www.gailnymanhomes.com/homes/137863026
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10601 Baltimore Avenue BELTSVILLE, MD 20705

  • Price: $3,185,244
  • Status: Active
  • On Site: 72 Days
  • Updated: 49 min ago
  • ID#: MDPG2073312
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1990
Built
County:
Prince Georges
School District:
Prince George's County Public Schools
Property Description
Triple Net Investment Group is proud to present 10601 Baltimore Avenue NNN Master Lease. Property is located at 10601 Baltimore Avenue, Beltsville, MD, 20705. Tenant after successfully operating on first floor for 5 years agreed to extend the lease for 15 more years for entire building and expand his business to the second floor. Tenant executed a NNN Master Lease with personal guarantee which has no LL responsibilities. Holmes spent $450k in built out and landlord spent $50k on third floor renovation in 2022. Holmes Lounge LLC subleases to an office, salon and media company on the 3rd floor, they occupy the 1st an d2nd floors exclusively. The property is situated on .4 Acres of land and has a building size of 9,080+ Sq ft. This location features strong demographics with an estimate of +1,300,000 population, and a Average Household income of +$117,000 - all in a 5 mile radius. This dense retail corridor has many national tenants such as Aldi, IKEA, 7-Eleven, McDonalds, and many more. Tenant operates 2 other locations in DMV and is very strong financially
Exterior Features

Construction Materials Other Garage YN No Parking Types Private Garage Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 14084.00 Cooling None Heating None Net Square Feet 9080.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Other/General RetailFlex Central Air YN No Cooling Fuel None Heating Fuel None Hot Water None Navigable Water YN N Net Operating Income 215004.00 New Construction YN No Number Of Units Total 1 Original MLSNumber 802220172206 Ownership Interest Fee Simple Possession Other Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 18377.00 Tax Assessment Amount 1210033.00 Vacation Rental YN No Water Source None Zoning Cgo

Listing courtesy of Triple Net Investment Group Llc: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Gail Nyman Group | Re/Max United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-05-31T23:55:52.2.
 
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Gail Nyman Group | Re/Max United Real Estate
14340 Old Marlboro Pike
Upper Marlboro MD, 20772