11550 Hg Trueman RdLusby, MD 20657
- Retail properties
- 1,758 SF
Property Details for 11550 Hg Trueman Rd
- Year built
- 1973
- Construction
- BRICK
- Lot size
- 1.32 AC
- Property size (Sq ft)
- 1,758 SF
- Zone code
- TC
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 01-013122
- APU
- 1013122
Description
This exceptional 7,000 square foot retail property, situated on a 1.3-acre lot at 11550 H G Trueman in Lusby, MD, presents a compelling investment opportunity. The property boasts a long-term lease with a tenant possessing a AAA credit rating, ensuring consistent and reliable income. The lease is a triple net (NNN) agreement, meaning the tenant is responsible for all property expenses including taxes, insurance, and maintenance, eliminating landlord responsibilities. This significantly reduces the operational burden and risk for the investor. The property's prime location in Lusby offers excellent visibility and accessibility, contributing to its strong tenant occupancy. The asking price is $1,200,200. Detailed lease information and financial terms are available upon request. This is an ideal opportunity for investors seeking a low-maintenance, high-yield investment with a secure, long-term tenant. The property's size and location make it suitable for a variety of retail uses. Contact us to learn more about this exceptional investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $417,679
- 6.5%
- $385,550
- 7%
- $358,010
-
Comparable approach
- Method
- Valuation
- Relative Method
- $258,793
- Geo Method
- $739,881
-
Alternative Use
- Use
- Valuation
- Residential
- $325,226
- Hospitality
- $297,905
- Educational
- $247,853
- Medical
- $256,377
- Retail
- $385,550
Location Insight
- City
- Lusby
- County
- Calvert
- State
- Maryland
- Latitude
- 38.3765
- Longitude
- -76.4335
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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