10201 Philadelphia Road, White Marsh, MD 21162

Building Details

Year Built

1998

Listing agent David Wirgler License #CA 01932693

Listing office Sands Investment Group

Listing date Jun 10, 2026

Source Crexi

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

Location Insight

• Map
• Local Demand

City

White Marsh

County

Baltimore

State

Maryland

Longitude

-76.4466928

Latitude

39.3675766

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FAQs

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