3222 Solomons Island RdEdgewater, MD 21037

Property Details for 3222 Solomons Island Rd

Year built

2008

Lot size

1.05 AC

Zone code

C3

Property type

Commercial real estate

APN

01-744-05814801

APU

174405814801

Description

This fee-simple retail property offers a compelling investment opportunity: a 5,200 square foot Pizza Hut in Edgewater, Maryland, situated on a 1.05-acre lot. The property boasts a strong 10-year net lease (NNN) with a franchisee tenant, commencing April 1, 2024, and expiring March 31, 2034. The lease includes annual rent increases of 1.50%, ensuring consistent income growth. Built in 2002, the property currently generates a net operating income (NOI) of $84,848, representing a 7.00% capitalization rate. The asking price is $1,212,114, translating to $233.10 per square foot. The property enjoys 100% occupancy and benefits from the established brand recognition of Pizza Hut. This is a low-maintenance, passive income investment with significant long-term potential. The property is located at 3222 Solomons Island Rd, Edgewater, MD 21037.

Location Insight

City

Edgewater

County

Anne Arundel

State

Maryland

Latitude

38.9317

Longitude

-76.5684

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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