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602 S Philadelphia Blvd, ABERDEEN, MD

$1,950,000 - 2,940 Sqft - 1.04 Acres - 31 DOM

The Feazell Commercial Group is pleased to present for sale a 7-Eleven gas and convenience store located in Aberdeen, MD just 30 miles North of Baltimore City. Built in 1999, the property consists of a freestanding building with a Gross Leasable Area (GLA) of 2,960 square feet and a gas station with six gas pumps, situated on a 1.04-acre lot. 7-Eleven is on a corporately guaranteed, Triple-Net (NNN) ground lease (no landlord responsibilities) with 5.1 years remaining in their first renewal option (April 2024 expiration) and four more remaining, five-year extension options. Cap rate is 5.38%. The lease calls for 15% increases every five years, including the option periods which is very rare. The lease is guaranteed by 7-Eleven, Inc., the world~s leading convenience store with an S&P credit rating of AA- and a Moody~s credit rating of Baa1. Exercising of the first renewal option shows commitment to the site. The City of Aberdeen has passed an ordinance against building any new gas station facilities in the City on Philadelphia Blvd. (Rt 40) so there is very limited competition to this site. Aberdeen as a city is the largest employer in Harford County MD. This 7-Eleven gas and convenience store is located at the intersection of South Philadelphia Blvd and James St and has an average daily traffic count of 34,000+ vehicles per day. The property is in an area with a population of over 45,600 people living within a five-mile radius. Major retail tenants and points of interest in close proximity include: McDonald~s, Lidl, Precision Tune, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The property~s corporate guarantee and strategic location make this 7-Eleven an attractive investment opportunity.

Essential Information

For 602 S Philadelphia Blvd, ABERDEEN, MD
  • MLS® # MDHR238730
  • Price $1,950,000
  • Bathrooms 0.00
  • Square Footage 2,940
  • Acres 1.04
  • Year Built 1999
  • Type Commercial Sale
  • Sub-Type Retail
  • Status Active

Community Information

For 602 S Philadelphia Blvd, ABERDEEN, MD
  • Address 602 S Philadelphia Blvd
  • City ABERDEEN
  • County HARFORD-MD
  • State MD
  • Zip Code 21001

Interior

For 602 S Philadelphia Blvd, ABERDEEN, MD
  • Heating Other
  • Cooling Other

School Information

For 602 S Philadelphia Blvd, ABERDEEN, MD
  • District HARFORD COUNTY PUBLIC SCHOOLS

Additional Information

For 602 S Philadelphia Blvd, ABERDEEN, MD
  • Date Listed September 13th, 2019
  • Days on Market 31
  • Zoning B3

Listing Details

For 602 S Philadelphia Blvd, ABERDEEN, MD
  • Office Garceau Realty

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on October 13th, 2019 at 9:15pm EDT.