5455 Harpers Farm RdColumbia, MD 21044

For Sale
$4,995,000

Prime MD location, strong tenant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 5,468 square foot retail property in Columbia, Maryland, currently leased to Guidepost Montessori, the largest Montessori operator in the U.S. with over 150 locations. The property boasts a brand new 19.3-year triple-net (NNN) lease commencing May 1, 2025, and expiring August 31, 2044, with 2% annual rent increases and 4 and 5-year renewal options. The asking price is $4,995,000, representing a compelling 7.25% cap rate and a price per square foot of $913.50. The property sits on a 0.67-acre lot and was built in 1979, with renovations completed in 2023. The lease is guaranteed by a corporate entity with significant financial backing and an experienced executive team, providing exceptional security for investors. The property enjoys a 100% occupancy rate and generates a net operating income (NOI) of $362,100. Its location is advantageous, situated as an outparcel to a highly trafficked Safeway grocery store, ranking in the top 23% of grocery stores visited within 15 miles and top 17% in Maryland. This investment offers a rare combination of a strong tenant, long-term lease, and attractive financial metrics in a desirable location within a thriving community. The property's location in Columbia, MD, a consistently high-ranking community known for its safety, activities, economic growth, and diverse population, further enhances its investment appeal.

Highlights

  • Brand new 20-year triple-net (NNN) lease.
  • Leased to Guidepost Montessori, a leading national operator with over 150 locations.
  • 2% annual rent increases with renewal options.
  • Outparcel to a high-traffic Safeway, ranking in the top 23% of grocery stores in its 15-mile radius and top 17% in Maryland.
  • Lease guaranteed by Higher Ground Education (HGE), a financially strong corporate school operator with an experienced executive team.

Property Details for 5455 Harpers Farm Rd

Property type
Day care centers & nurseries, Other retail properties
Square Feet
5,468 SF
Year Built
1979
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Columbia
County
Howard
State
Maryland
Latitude
39.2231742
Longitude
-76.8909285
5455 Harpers Farm Rd, Columbia, Maryland

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5455 Harpers Farm Rd
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