708 S Bond St Baltimore, MD 21231
Established restaurant with absolute NNN lease in historic Fells Point.
Type:Retail
Property size:
3,075 SFLot size:
0.05 Acres- Added:
- Oct 22, 2024
- Days on Market:
- 532
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 708 S Bond St
General Information
- Standard status
- Active
- Size
- 3,075 SF
- Lot size
- 0.05 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing agent Kyle Malin License #WVS240303606
Listing office Marcus & Millichap - Baltimore
Listing date Oct 22, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Baltimore
Overview
Fells Point Restaurant Sale-Leaseback
This sale-leaseback opportunity features a 100% Absolute Net Lease (NNN) with zero landlord responsibilities. The lease has a 10-year base term and 2% annual rent increases through the base term and two 5-year renewal options. Guaranteed by a restaurant operator entity established in 2003, with over 22 years of operating history, the 10-year lease commences at the close of escrow or on a mutually agreed-upon date. The tenant is fully responsible for real estate taxes, insurance, and maintenance. Located at 708 S. Bond Street in Baltimore’s Historic Fells Point, the 3,075 square foot building sits on a 0.05-acre parcel along a Belgian Block street. Originally built in 1920, the building has housed a successful restaurant and bar since 2003, operating continuously for over 22 years. The property includes a courtyard outdoor dining area and a 7-day liquor license with early opening privileges starting at 6 AM. Situated two blocks from Harbor East and the waterfront promenade, the location attracts tourists and local residents. Within a one-mile radius, the average household income exceeds $137,000. The restaurant strengthens its brand through a customer loyalty program. There is potential to expand the restaurant space to the upper level or convert it into a lounge or private event area. The liquor license provides operational flexibility to open for lunch service and on Mondays.
Location Intelligence
Current Use by Public Records
One-Eyed Mike's
Restaurant
Similar Places Nearby
- Hull Street Blues Cafe — 1222 Hull St, Baltimore, MD 21230
- Captain Larry's — 601 E Fort Ave, Baltimore, MD 21230
- Southside Saloon — 430 E Fort Ave, Baltimore, MD 21230
- Shotti's Point Charm City — 701 E Fort Ave, Baltimore, MD 21230
- Idle Hour — 201 E Fort Ave, Baltimore, MD 21230
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.595519
- Latitude
- 39.2831468
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Established restaurant with absolute NNN lease in historic Fells Point.
Where is this bar & pub located?
The property is located at 708 S Bond St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Absolute NNN Lease with Zero Landlord Responsibilities; 10‑Year Base Lease Term with 2% Annual Rent Increases: Enjoy long‑term stability.; Guaranteed by Established Restaurant Operator: Lease is backed by a proven operator.
