Single-Tenant Grocery NNN
11 GRAND DR Taneytown, MD 21787
11 GRAND DR, Taneytown, MD, 21787
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For Sale
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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 Market51
Property Features for 11 GRAND DR
General Information
- Standard status
- Active
- Size
- 38,027 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing agency
JLL Chicago | Americas Headquarters
Listed by
Alex Sharrin · License #IL 475.170243
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 5:52PM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $821.4k | $21.60 |
| − Vacancy | −$52.5k | −$1.38 |
| EGI | $768.9k | $20.22 |
| − OpEx | −$230.7k | −$6.07 |
| NOI | $538.2k | $14.15 |
38,027 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kennie’s Market
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Kennie’s Market — 11 Grand Dr, Taneytown, MD 21787
FAQs
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
