NNN Retail
424 York Rd, Towson, MD 21204
For Sale
Contact for pricing
A single-tenant store is leased through August 2034 under an absolute NNN structure with two five-year renewal options.
Property Size13,160 SF
Lot Size0.36 Acres
Price / SF$480.62
Days on Market27
Property Features for 424 York Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Traffic Count
Tenant in Place
Building Details
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:15PM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
The 13,160-square-foot retail property at 424 York Road occupies 0.36 acres and is fully leased to Ebisu Life Store. The tenant’s Asian lifestyle retail concept features everyday merchandise alongside capsule toys, claw machines, and collectible products. The absolute NNN lease places no landlord responsibilities on the owner and runs through August 2034, with two five-year renewal options and 3% annual rent increases during the base term.
York Road carries approximately 19,600 vehicles per day. Within three miles, the trade area includes approximately 118,912 residents and an average household income of $129,285.
York Road carries approximately 19,600 vehicles per day. Within three miles, the trade area includes approximately 118,912 residents and an average household income of $129,285.
Key Highlights
- 13,160‑square‑foot retail property on 0.36 acres
- Fully leased to Ebisu Life Store
- Absolute NNN lease with no landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,264
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,725,280
$3.7M
Cap Rate 7%
$2,660,914
$2.7M
Cap Rate 9%
$2,069,600
$2.1M
Market Conditions
NOI Build-Up for 13,160 SF
Gross rent
$284.3K $21.60/SF
− Vacancy
−$18.2K −$1.38/SF
EGI
$266.1K $20.22/SF
− OpEx
−$79.8K −$6.07/SF
NOI
$186.3K $14.15/SF
Area
Baltimore 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%
$3,725,280
Cap Rate 7%
$2,660,914
Cap Rate 9%
$2,069,600
Alternative Uses
Best Use
Retail
$2.66M
$2.33M – $3.10M
NOI $186,264 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,378 @ 7.0% cap · market cap 3.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
19,600 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 21204, MD
20,967
Population
9,529
Households
2.2
Avg Household Size
36
Median Age
73%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,328
Density / Sq Mi
$98,452
Median Household Income
$53,889
Median Earnings
$1,894
Median Rent
$571,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Baltimore County, MD
Properties on Market for Retail space in Baltimore County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A single-tenant store is leased through August 2034 under an absolute NNN structure with two five-year renewal options.
Where is this retail space located?
The property is located at 424 York Rd Towson, MD.
What is the asking price?
The asking price for this property is $6,325,000.
What are key features of this property?
This property features: 13,160‑square‑foot retail property on 0.36 acres; Fully leased to Ebisu Life Store; Absolute NNN lease with no landlord responsibilities
