For Sale
$10,769,231
155 St Patricks Dr Saint Charles, MD 20603
20-Year NNN Lease, 6.75% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 20-Year Absolute NNN Sale-Leaseback with corporate guarantee from Flagship HoldCo LLC, covering 34+ units.
- 1.50% annual rental escalations.
- Four 5-year tenant renewal options, extending the potential lease term to 40 years.
- Qualifies for both 60% bonus depreciation and 15-year accelerated depreciation.
- $10,769,231 asking price, 6.75% cap rate, $726,923 annual NOI.
Property Details for 155 St Patricks Dr
- Property type
- Specialty properties, Retail properties
- Square Feet
- 15,700 SF
- Year Built
- 2010
- Lot Size (sq. ft)
- 91,912 SF
Location Insight
- City
- Saint Charles
- County
- Charles
- State
- Maryland
- Latitude
- 38.620960959122
- Longitude
- -76.927866417608
Nearby Comparable
FAQs
- What type of property is this?
- Specialty property - 20-Year NNN Lease, 6.75% Cap Rate
- Where is the specialty property located?
- The property is located at 155 St Patricks Dr Saint Charles, MD.
- What is the asking price?
- The asking price for this property is $10,769,231.
- What are key features of this property?
- This property features: 20-Year Absolute NNN Sale-Leaseback with corporate guarantee from Flagship HoldCo LLC, covering 34+ units.; 1.50% annual rental escalations.; Four 5-year tenant renewal options, extending the potential lease term to 40 years.
- How can I contact the broker?
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