2488 Riva RdAnnapolis, MD 21401

For Sale
$3,305,000

High-yield Aspen Dental net lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a brand-new, 3,502 square foot Aspen Dental office in Annapolis, MD, is available for purchase. This 10-year net lease (+ rent bumps) with a corporate guarantee offers a strong 5.85% cap rate and a substantial NOI of $193,300. Built in 2024, the property is situated on Riva Road, an established retail corridor, near major shopping centers like Beacon Square, Festival at Riva, and Annapolis Town Center, ensuring high visibility and foot traffic. The location benefits from proximity to significant population centers, including Luminis Health Anne Arundel Medical Center, and educational institutions such as Annapolis High School, St. John's College, and the United States Naval Academy, providing a large potential patient base. The lease commenced June 15, 2024, and expires June 30, 2034, offering long-term stability and predictable income. This single-tenant property presents a compelling opportunity for 1031 exchange investors seeking a secure, high-performing asset in a thriving market. The property is not subject to a ground lease.

Property Details for 2488 Riva Rd

Property type
Other office properties, Medical offices
Square Feet
3,502 SF
Year Built
2024

Location Insight

City
Annapolis
County
Anne Arundel
State
Maryland
Latitude
38.982802140742
Longitude
-76.542048242616
2488 Riva Rd, Annapolis, Maryland
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2488 Riva Rd
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