Beschreibung

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Kennie’s Market at 11 Grand Drive in Taneytown, Maryland (“Property” or “Asset”). The Property is operating on a NN lease with ±5.3 years of primary lease term remaining, 2.00% annual rent escalations and two, five-year renewal options. Kennie’s Market is an employee-owned grocery chain with 5 locations throughout Maryland and Pennsylvania.

MD Broker of Record: Andrew Weir – License #: 616262

...

Eigenschaften

Angebotspreis

5.717.000 €

Rendite

8 %

NOI

458.000 €

Grundstücksfläche brutto

1,96 Hektar

WAULT / DRMV

5.3 Jahre

Gebäudefläche netto

3.533 m²

Medien

Investment-Highlights

±5.3 years of primary lease term on NN lease with limited landlord responsibilities
Exceptional 4.29% rent-to-sales generating $230K/week
Large 4.85-acre parcel in suburban Baltimore
Strong demand characteristics driven by 5-mile AHHI of $121K with 11% rent growth since 2010
Anchors Taneytown Center, with new Tractor Supply proposed to co-anchor
Just off E Baltimore St (US 140) with visibility to more than 13,000+ VPD
Kennie’s Market is an employee-owned grocery store chain with 5 locations throughout MD & PA