12 Broad Street, Berlin, MD 21811
Single-tenant restaurant NNN investment featuring a leased operating restaurant with scheduled 3% annual rent increases.
- Added:
- Jun 23, 2025
- Days on Market:
- 358
- Last Refresh:
- Jun 14 at 2:03 am
Property Features for 12 Broad Street
General Information
- Standard status
- Active
- Size
- 6,268 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1910
Listing agent Rinnier Development Co (410) 742-8151
Listing office (410) 742-8151
Listing date Jun 23, 2025
Source Xome
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
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."
- Sale price listed at $1,645,000 with a reported 7% cap rate
- Central Air and heating system (Heating: 3); hardwood flooring
- Public roads and US Highway access; zoning C; built‑up roof; parking includes lot and on‑street parking
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Worcester
- State
- Maryland
- Longitude
- -75.2196092
- Latitude
- 38.3245036
