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    3111 Emmorton Rd Abingdon, MD 21009

    Sponsored
    For Sale
    $2,750,000

    High-yield dispensary; strong lease terms.

    Property size:
    2,520 SF

    Description

    Added:
    Dec 20, 2024
    Days on Market:
    382
    This Abingdon, MD investment opportunity presents a 2,520 square foot retail building on a 1.05-acre lot, currently leased to Enlightened Dispensary. The lease boasts over nine years remaining on the base term, with two additional five-year options, ensuring consistent passive income. Annual rent increases are tied to the higher of 2.5% or 75% of the CPI, offering inflation protection. The property benefits from an absolute NNN lease, eliminating landlord responsibilities. With limited competition (nearest competitor over 5 miles away), this dispensary enjoys a strong market position. Its strategic location near I-95 and major retailers like Wegmans, Dunkin', and Hobby Lobby further enhances its appeal. Maryland's stringent dispensary regulations, requiring significant distance from other dispensaries and sensitive locations, contribute to the tenant's stability. This core investment opportunity offers a compelling combination of long-term lease security, built-in rent growth, and minimal management demands. The asking price is $2,750,000, generating a net operating income of $262,776.

    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

    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.
    Location Intelligence

    Current Use by Public Records

    Enlightened Dispensary - Abingdon, ... Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abingdon
    State
    Maryland
    Longitude
    -76.308644
    Latitude
    39.475601

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    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.
    (305) 905-3215
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    3111 Emmorton Rd Abingdon, MD 21009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3111 Emmorton Rd Abingdon, MD 21009
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