3222 Solomons Island RdEdgewater, MD 21037

For Sale
$1,212,114

Edgewater, MD QSR, 10-Year Lease, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This fee-simple retail property offers a compelling investment opportunity: a 5,200 square foot Pizza Hut in Edgewater, Maryland, situated on a 1.05-acre lot. The property boasts a strong 10-year net lease (NNN) with a franchisee tenant, commencing April 1, 2024, and expiring March 31, 2034. The lease includes annual rent increases of 1.50%, ensuring consistent income growth. Built in 2002, the property currently generates a net operating income (NOI) of $84,848, representing a 7.00% capitalization rate. The asking price is $1,212,114, translating to $233.10 per square foot. The property enjoys 100% occupancy and benefits from the established brand recognition of Pizza Hut. This is a low-maintenance, passive income investment with significant long-term potential. The property is located at 3222 Solomons Island Rd, Edgewater, MD 21037.

Highlights

  • 5,200 SF Pizza Hut on 1.05-acre lot in Edgewater, MD.
  • 10-Year NNN lease commencing April 1, 2024, with 1.5% annual rent increases.
  • Strong franchisee guarantee from Quality Huts (350+ units).

Property Details for 3222 Solomons Island Rd

Property type
Other retail properties, Restaurants
Square Feet
5,200 SF
Year Built
2002
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Edgewater
County
Anne Arundel
State
Maryland
Latitude
38.9316932
Longitude
-76.5681578
3222 Solomons Island Rd, Edgewater, Maryland
Leaflet | © OpenStreetMap contributors

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
3222 Solomons Island Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size Select options
Please enter message