For Sale
$10,769,231
155 St Patricks DrSaint Charles, MD 20603
20-Year NNN Lease, 6.75% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
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
155 St Patricks Dr, Saint Charles, Maryland
Nearby Comparable
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website