Triple Net Restaurant
12 Broad Street Berlin, MD 21811
For Sale
$1,440,000
Single-tenant restaurant NNN investment featuring a leased operating restaurant with scheduled 3% annual rent increases.
Property Size6,268 SF
Price / SF$229.74
Days on Market373
Property Features for 12 Broad Street
General Information
Standard status
Active
Size
6,268 SF
Property subtype
Retail
Building Details
Year Built
1910
Listing Agency:
(410) 742-8151
Listed By:
Rinnier Development Co
(410) 742-8151
Source:
Xome
Added: Jul 23, 2025
Changed: Jul 10
Last Checked: Jul 16 at 6:57AM
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 Rinnier Development Co
Investment Insights
Based on property information with market context.
This triple net restaurant property is home to a single-tenant restaurant operation known as Oaked at The Globe. The asset is occupied under a three-year triple net (NNN) lease, with two additional three-year renewal options. The lease structure includes annual rent increases of 3% each year.
The property is located at 12 Broad Street in Berlin, Maryland, within the city’s historic district. Full property details are available upon request with a confidentiality agreement, and the listing includes coordination requirements for any inquiries related to the premises.
For qualified investors seeking a stabilized, single-tenant restaurant platform under a long-form NNN lease, the combination of remaining lease term, renewal options, and contractual annual rent escalations is a key consideration. The restaurant operator should not be disturbed and the property should not be inspected without coordination with the listing agent.
The property is located at 12 Broad Street in Berlin, Maryland, within the city’s historic district. Full property details are available upon request with a confidentiality agreement, and the listing includes coordination requirements for any inquiries related to the premises.
For qualified investors seeking a stabilized, single-tenant restaurant platform under a long-form NNN lease, the combination of remaining lease term, renewal options, and contractual annual rent escalations is a key consideration. The restaurant operator should not be disturbed and the property should not be inspected without coordination with the listing agent.
Key Highlights
- Single‑tenant restaurant property in historic Berlin, MD under a 3‑year Triple Net (NNN) lease
- Annual rent increases by 3% each year; includes two additional 3‑year renewal options
- Leased operating restaurant tenant: "Oaked at The Globe."
Financial Insights For Specialty 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 | $125.6k | $20.04 |
| − Vacancy | −$5.7k | −$0.90 |
| EGI | $120.0k | $19.14 |
| − OpEx | −$30.0k | −$4.78 |
| NOI | $90.0k | $14.35 |
6,268 SF · lease $20.04/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.12M – $1.50M
NOI $89,969 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,438 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant NNN investment featuring a leased operating restaurant with scheduled 3% annual rent increases.
Where is this conventional restaurant located?
The property is located at 12 Broad Street Berlin, MD.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: Single‑tenant restaurant property in historic Berlin, MD under a 3‑year Triple Net (NNN) lease; Annual rent increases by 3% each year; includes two additional 3‑year renewal options; Leased operating restaurant tenant: "Oaked at The Globe."
