2126 Fountain Green RdBel Air, MD 21015

This exceptional investment opportunity presents a fee-simple ownership of a 52,530 square foot retail center in Bel Air, Maryland. Anchored by a Redner's grocery store, the property boasts a 9.75% cap rate and a strong net operating income (NOI) of $487,410. The property includes a triple-net ground lease with Redner's, initially commencing January 30, 2008, and expiring September 20, 2028, with two remaining lease options totaling 9 years and 6 months. Rent bumps are included in the lease. The property also features two additional tenants, Tamberino's Restaurant and Frozen Sandcastle, operating under subleases within a separate 3,681 square foot building on a 0.77-acre lot. The main building sits on a 5.6-acre lot and offers 240 parking spaces. Built in 2000, the single-story masonry structure is zoned B3, allowing for a variety of retail and business uses. The property benefits from high traffic counts on nearby major roadways, including 7,491 vehicles daily on N. Fountain Green Road and 11,973 on Conowingo Road. A new 184-unit apartment complex is located nearby, further enhancing the property's desirability. The asking price is $5,000,000. Annual real estate taxes for the main building are $75,130.81, and $7,302.33 for the secondary building. The property is sold free and clear of liens. This is a rare opportunity to acquire a well-positioned, income-producing retail center with significant upside potential.