Single-Tenant Grocery NNN
For Sale
Contact for pricing
11 GRAND DR, Taneytown, MD 21787
Single-tenant grocery property leased on a net lease with remaining primary term and scheduled annual rent increases.
Property Size38,027 SF
Price / SF$168.64
Days on Market146
Property Features for 11 GRAND DR
General Information
Standard status
Active
Size
38,027 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$513,053
Additional Details
Business Included
Yes
Building Details
Year Built
2011
Stories
1
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
(305) 913-5545
Source:
Crexi
Added: Jun 2
Changed: Oct 14
Last Checked: Oct 24 at 4:59PM
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 JLL Chicago | Americas Headquarters
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Investment Insights
Based on property information with market context.
This offering presents the single-tenant Kennie’s Market, operating as an employee-owned grocery location under a net (NN) lease. The property includes a primary lease term with approximately 5.3 years remaining, with 2.00% annual rent escalations and two, five-year renewal options.
The asset is located at 11 Grand Drive in Taneytown, Maryland. Kennie’s Market operates as part of an employee-owned grocery chain with five locations across Maryland and Pennsylvania.
For buyers seeking a stabilized, single-tenant retail grocery asset, this net-lease structure provides a contractual income stream supported by the remaining primary term, the stated annual escalations, and two renewal options. The single-tenant configuration may also appeal to operators or investors looking for a focused grocery-oriented retail tenancy rather than a multi-tenant setup.
The asset is located at 11 Grand Drive in Taneytown, Maryland. Kennie’s Market operates as part of an employee-owned grocery chain with five locations across Maryland and Pennsylvania.
For buyers seeking a stabilized, single-tenant retail grocery asset, this net-lease structure provides a contractual income stream supported by the remaining primary term, the stated annual escalations, and two renewal options. The single-tenant configuration may also appeal to operators or investors looking for a focused grocery-oriented retail tenancy rather than a multi-tenant setup.
Key Highlights
- Single‑tenant grocery property built in 2011 at 11 Grand Drive in Taneytown, MD
- Currently operating on a net lease with ±5.3 years remaining in the primary lease term
- Lease includes 2.00% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$538,228
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,764,560
$10.8M
Cap Rate 7%
$7,688,971
$7.7M
Cap Rate 9%
$5,980,311
$6.0M
Market Conditions
NOI Build-Up for 38,027 SF
Gross rent
$821.4K $21.60/SF
− Vacancy
−$52.5K −$1.38/SF
EGI
$768.9K $20.22/SF
− OpEx
−$230.7K −$6.07/SF
NOI
$538.2K $14.15/SF
Area
Carroll County, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,764,560
Cap Rate 7%
$7,688,971
Cap Rate 9%
$5,980,311
Alternative Uses
Best Use
Retail
$7.69M
$6.73M – $8.97M
NOI $538,228 @ 7.0% cap · market cap 8.39%
Second Best
Specialty Retail
$6.34M
$5.55M – $7.40M
NOI $443,804 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$14.10M
$12.34M – $16.45M
NOI $987,168 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 32%
Groceries 16%
Sheetz
Shops & Services
31,960 visits/mo
0.3 miles
McDonald's
Dining
20,759 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
17,281 visits/mo
0.3 miles
Dunkin' Donuts
Dining
12,038 visits/mo
0.1 miles
Dollar General
Shops & Services
7,577 visits/mo
0.4 miles
Demographics for 21787, MD
11,066
Population
4,429
Households
2.5
Avg Household Size
42
Median Age
19%
College-Educated
93%
High-School Grad
61.1 sq mi
ZIP Area
181
Density / Sq Mi
$88,212
Median Household Income
$48,026
Median Earnings
$870
Median Rent
$344,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kennie’s Market — 11 Grand Dr, Taneytown, MD 21787
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-tenant grocery property leased on a net lease with remaining primary term and scheduled annual rent increases.
Where is this grocery and convenience store located?
The property is located at 11 GRAND DR Taneytown, MD.
What is the asking price?
The asking price for this property is $6,413,000.
What are key features of this property?
This property features: Single‑tenant grocery property built in 2011 at 11 Grand Drive in Taneytown, MD; Currently operating on a net lease with ±5.3 years remaining in the primary lease term; Lease includes 2.00% annual rent escalations
