3901 Pulaski HwyAbingdon, MD 21009

For Sale
$1,980,000

High-yield 7-Eleven investment. Strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 7-Eleven convenience store and gas station located at 3901 Pulaski Hwy, Abingdon, MD 21009. The property boasts a brand-new 15-year corporate ground lease with 7-Eleven, Inc., featuring a 5.00% cap rate and a substantial net operating income (NOI) of $99,000. The lease includes attractive 10% rent bumps every five years and three, five-year renewal options, ensuring long-term financial stability. Situated on a large 95,936 square foot lot, this hard-corner location benefits from high visibility on Pulaski Highway, experiencing 24,158 vehicles per day. The property's strategic location offers convenient access to major transportation arteries, including the I-95 corridor, connecting Baltimore, Washington D.C., and Philadelphia. The surrounding area demonstrates affluent demographics, with average household incomes exceeding $117,687 within a three-mile radius. This absolute NNN ground lease investment offers a secure, passive income stream with significant upside potential, backed by a nationally recognized brand and a proven track record of over 22 years of operation at this site. The asking price is $1,980,000. This is a rare opportunity to acquire a well-performing 7-Eleven in a prime location.

Highlights

  • NNN ground lease, single-tenant 7-Eleven in affluent Baltimore MSA suburb.
  • New 15-year lease extension with 7-Eleven, Inc. guarantee.
  • 10% rent increases every five years throughout the lease term.
  • 22+ years of operational history at this location.
  • Large 2.19-acre parcel; new 7-Eleven gas stations command significantly higher rent.
  • Excellent I-95 corridor access, serving Baltimore, Washington D.C., and Philadelphia.

Location Insight

City
Abingdon
County
Harford
State
Maryland
Latitude
39.4587298
Longitude
-76.2571511
3901 Pulaski Hwy, Abingdon, Maryland
Leaflet | © OpenStreetMap contributors

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3901 Pulaski Hwy
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