6904 Harford RdBaltimore, MD 21234

Property Details for 6904 Harford Rd

Lot size

1.07 AC

Property size (Sq ft)

12,123 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional retail investment property in Baltimore, MD, presents a compelling opportunity. Located at 6904 Harford Rd, this 1.07-acre site features two freestanding buildings totaling 12,123 square feet, currently 100% occupied by two tenants: Dollar Tree and More Than Just Friends Adult Day Center. Dollar Tree, a corporate-guaranteed tenant, occupies 8,053 square feet under a new 10-year lease (signed 2023) with 5-year renewal options and rent increases every 5 years. More Than Just Friends occupies 4,070 square feet and has been a tenant since 2021, with annual rent increases. Both tenants are responsible for their pro-rata share of CAM, taxes, and insurance (NNN lease). Recent capital improvements include new roofs (Dollar Tree's roof has a warranty through 2038), HVAC units for both buildings, and recently resurfaced parking lots. The property boasts excellent visibility on Harford Road (22,690 VPD), with easy access to I-695 (161,000 VPD). Situated in a dense residential area with strong demographics (average household income exceeding $105,000 within a 1-mile radius), the property benefits from its proximity to Parkville Shopping Center. The asking price is $2,600,000, with a current NOI of $194,554, representing a 7.5% cap rate. The property is zoned C1 and legally subdivided, offering flexibility for future owners.

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.3664

Longitude

-76.5493

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