22606 Three Notch Rd Lexington Park, MD 20653
New construction restaurant with gas pumps and long-term corporate lease.
Type:Retail
Property size:
5,000 SF- Added:
- Aug 22, 2022
- Days on Market:
- 1337
- Last Refresh:
- Mar 17 at 1:23 pm
Property Features for 22606 Three Notch Rd
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Brendan Eisenbrandt License #PA RS330265
Listing office PennTex Ventures
Listing date Aug 22, 2022
Source Crexi
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 PennTex Ventures
Overview
New Restaurant with Gas Pumps
This property features a brand new double restaurant format, including Laredo Taco and Roost Chicken. The site includes gas with 8 pumps. It is subject to an 18-year Absolute NNN Lease with zero landlord responsibilities. The lease includes 4 five-year options and 10% rental increases every 5 years. The property benefits from accelerated depreciation due to its new construction. The lease is corporate guaranteed by 7-Eleven, Inc., which holds an investment-grade rating of A. Rent commenced on February 11, 2023. The location benefits from high traffic, with an average daily traffic count of 34,800.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Lexington Park
- County
- St. Mary's
- State
- Maryland
- Longitude
- -76.4827827
- Latitude
- 38.2895665
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - New construction restaurant with gas pumps and long-term corporate lease.
Where is this gas station located?
The property is located at 22606 Three Notch Rd Lexington Park, MD.
What is the asking price?
The asking price for this property is $7,424,380.
What are key features of this property?
This property features: 18‑Year Absolute NNN Lease with Zero Landlord Responsibilities; Corporate Guarantee by 7‑Eleven, Inc. (Investment Grade Rating A); Brand New Double Restaurant Format (Laredo Taco and Roost Chicken)
