NNN Retail Lease with Corporate
For Sale
Contact for pricing
10201 Philadelphia Road, White Marsh, MD 21162
For sale with a long-term corporate-guaranteed CarMax triple-net lease featuring 2.25% annual increases.
Property Size57,241 SF
Lot Size15.68 Acres
Price / SF$686.57
Days on Market60
Property Features for 10201 Philadelphia Road
General Information
Standard status
Active
Size
57,241 SF
Lot size
15.68 Acres
Property subtype
Retail
Zoning
(BR) Zoning
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$2,358,000
Building Details
Year Built
1998
Tenancy
Single
Listing Agency:
Sands Investment Group
Listed By:
David Wirgler · License #CA 01932693
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 8 at 6:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to offer for sale the 15.68-acre CarMax property in White Marsh, Maryland, operating under a long-term, corporate-guaranteed Triple Net (NNN) lease. The lease structure is designed for a hands-off ownership experience, with the tenant responsible for landlord responsibilities typical of a NNN arrangement. The offering also includes 2.25% annual increases, providing an escalated income component over the lease term.
The property is located at 10201 Philadelphia Road in White Marsh, and it is operated by CarMax, one of the largest and most recognized used vehicle retailers in the United States. The tenant recently exercised its last remaining 10-year renewal option, extending the lease horizon within the overall long-term agreement.
This asset is suited for investors seeking a retail NNN position anchored by a single, corporate-guaranteed tenant. With CarMax as the operator and an NNN lease framework in place, the property is presented as a credit-tenanted retail investment focused on long-term security and income predictability supported by the stated lease terms.
The property is located at 10201 Philadelphia Road in White Marsh, and it is operated by CarMax, one of the largest and most recognized used vehicle retailers in the United States. The tenant recently exercised its last remaining 10-year renewal option, extending the lease horizon within the overall long-term agreement.
This asset is suited for investors seeking a retail NNN position anchored by a single, corporate-guaranteed tenant. With CarMax as the operator and an NNN lease framework in place, the property is presented as a credit-tenanted retail investment focused on long-term security and income predictability supported by the stated lease terms.
Key Highlights
- 15.68‑acre CarMax retail property at 10201 Philadelphia Road in White Marsh, MD
- Long‑term, corporate‑guaranteed triple‑net (NNN) lease with CarMax as tenant
- 2.25% annual increases included in the lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
203k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 65%
Home Improvements & Furnishings 27%
Dining 5%
Shops & Services 3%
Target
Superstores
132,698 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
39,540 visits/mo
0.2 miles
Value City Furniture
Home Improvements & Furnishings
14,750 visits/mo
0.3 miles
Noodles & Company
Dining
9,415 visits/mo
0.2 miles
CarMax
Shops & Services
6,986 visits/mo
0.0 miles
Demographics for 21162, MD
5,029
Population
1,555
Households
3.2
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
708
Density / Sq Mi
$168,021
Median Household Income
$75,636
Median Earnings
$463,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - For sale with a long-term corporate-guaranteed CarMax triple-net lease featuring 2.25% annual increases.
Where is this nnn property located?
The property is located at 10201 Philadelphia Road White Marsh, MD.
What is the asking price?
The asking price for this property is $39,300,000.
What are key features of this property?
This property features: 15.68‑acre CarMax retail property at 10201 Philadelphia Road in White Marsh, MD; Long‑term, corporate‑guaranteed triple‑net (NNN) lease with CarMax as tenant; 2.25% annual increases included in the lease
