Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, June 19, 2023. Live On-Site Auction - Thursday, June 22, 2023 at 11:00 AM. List price is opening bid only. $187,500 NNN Annual Income.Located at the corner of Jarrettsville Road and Federal Hill Road in Jarrettsville, Maryland, the Jarrettsville Plaza Shopping Center is a well-positioned retail strip with excellent existing income. Jarrettsville is an historic community with a rich, rural tradition going back more than 250 years. Over more recent decades, the community has expanded to include a significant number of small and mid-sized subdivisions, making the area a convenient bedroom community for those commuting to Hunt Valley, Bel Air, Towson, White Marsh and Baltimore.The fully occupied shopping center has been anchored by a corporate owned 7-Eleven, originally Southland Corporation and now 7-Eleven, Inc., since it was constructed by the current owner in 1977. The J+GGVille Grille, a well-known neighborhood restaurant, Karma Salon and Spa and Drumgoole Financial Services round out the existing tenants, who have been at the site for 4, 10 and 2 years, respectively.The auction provides an opportunity to purchase a well-located asset with nearly 50 years of stable income, full occupancy and scheduled rent escalations. Whether a newer investor looking for a prime acquisition, or seasoned enterprise looking to add to their portfolio, the Jarrettsville Plaza Shopping Center represents an attractive investment for any real estate investor.
Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, June 19, 2023. Live On-Site Auction - Thursday, June 22, 2023 at 11:00 AM. List price is opening bid only. $187,500 NNN Annual Income.Located at the corner of Jarrettsville Road and Federal Hill Road in Jarrettsville, Maryland, the Jarrettsville Plaza Shopping Center is a well-positioned retail strip with excellent existing income. Jarrettsville is an historic community with a rich, rural tradition going back more than 250 years. Over more recent decades, the community has expanded to include a significant number of small and mid-sized subdivisions, making the area a convenient bedroom community for those commuting to Hunt Valley, Bel Air, Towson, White Marsh and Baltimore.The fully occupied shopping center has been anchored by a corporate owned 7-Eleven, originally Southland Corporation and now 7-Eleven, Inc., since it was constructed by the current owner in 1977. The J+GGVille Grille, a well-known neighborhood restaurant, Karma Salon and Spa and Drumgoole Financial Services round out the existing tenants, who have been at the site for 4, 10 and 2 years, respectively.The auction provides an opportunity to purchase a well-located asset with nearly 50 years of stable income, full occupancy and scheduled rent escalations. Whether a newer investor looking for a prime acquisition, or seasoned enterprise looking to add to their portfolio, the Jarrettsville Plaza Shopping Center represents an attractive investment for any real estate investor.
©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: 2023-05-30T08:51:11.643.