2242 Old Washington RdWaldorf, MD 20601

Property Details for 2242 Old Washington Rd

Year built

1978

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

3,315 SF

Zone code

CC

Property type

Specialty properties

APN

06-085997

APU

6085997

Description

This exceptional investment opportunity presents a single-tenant, 3,315 square foot medical office building in Waldorf, Maryland. The property, built in 1978, is currently 100% occupied by Blue River PetCare, a national veterinary service provider with over 181 locations across the U.S. The lease, a triple-net (NNN) agreement, commenced September 15, 2016, and features a remaining term of approximately 1.6 years with two, five-year renewal options. The lease includes a corporate guarantee and boasts strong 3% annual rent bumps. The property enjoys a high occupancy rate and generates a substantial net operating income (NOI) of $135,061, resulting in a compelling 9.78% cap rate. The asking price is $1,381,000, translating to a price per square foot of $416.59. Located at 2242 Old Washington Rd, Waldorf, MD 20601, the clinic benefits from its position near major thoroughfares and numerous national retailers. The property's strong tenant, favorable lease terms, and high NOI make it an attractive investment prospect in a growing market. The building is a single-story structure situated on one lot. The median home value within a five-mile radius exceeds $400,000.

• Alternative Use

  Use

  Valuation

  Residential

  $980,588

  Hospitality

  $898,213

  Educational

  $747,303

  Medical

  $773,004

  Retail

  $1,162,471

Location Insight

City

Waldorf

County

Charles

State

Maryland

Latitude

38.6485

Longitude

-76.8836

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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