3111 Emmorton Rd Abingdon, MD 21009
Sponsored
Property Features for 3111 Emmorton Rd
General Information
- Property type
- Retail residential properties
- Investment Type
- core
- Square Feet
- 2,520 SF
- Price / Square Foot
- $1,091
- Class
- B
- Elevators
- N/A
- Lot Size
- 45,738 SF
- Net Operating Income
- $262,776
Building Details
- Year Built
- 1977
- Buildings
- 1
- Stories
- 1
Overview
Abingdon Retail Investment Opportunity
This Abingdon, MD investment opportunity features a 2,520 square foot retail building situated on a 1.05-acre lot. The property is currently leased to Enlightened Dispensary. The lease has over nine years remaining on the base term, with two additional five-year options. Annual rent increases are tied to the higher of 2.5% or 75% of the CPI. The property operates under an absolute NNN lease. The dispensary benefits from limited competition, with the nearest competitor over 5 miles away. Its location is near I-95 and major retailers like Wegmans, Dunkin', and Hobby Lobby. Maryland's dispensary regulations, requiring distance from other dispensaries and sensitive locations, contribute to the tenant's stability. The asking price is $2,750,000, generating a net operating income of $262,776.
HighLights
- Over 9 years remaining on the base lease term, plus two 5‑year options.
- Annual rent increases based on 2.5% or 75% of CPI, protecting against inflation.
- Absolute NNN lease; zero landlord responsibilities, located near major retailers and I‑95.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Enlightened Dispensary - Abingdon, ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Abingdon
- State
- Maryland
- Longitude
- -76.308644
- Latitude
- 39.475601
Nearby Similar for Sale
FAQs
What type of property is this?
Retail residential property - High-yield dispensary; strong lease terms.
Where is this retail residential property located?
The property is located at 3111 Emmorton Rd Abingdon, MD.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Over 9 years remaining on the base lease term, plus two 5-year options.; Annual rent increases based on 2.5% or 75% of CPI, protecting against inflation.; Absolute NNN lease; zero landlord responsibilities, located near major retailers and I-95.