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    13526 Mcmullen Hwy Cumberland, MD 21502

    Sponsored
    For Sale
    $518,919

    Profitable ThompsonGas Net Lease

    Property size:
    2,545 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fee-simple industrial property in Cumberland, MD, offers a compelling investment opportunity. The 2,545 square foot facility sits on a 0.63-acre lot and is 100% occupied by ThompsonGas, the largest private propane retailer in the nation, under a Net Lease (NNN) agreement. The current lease has five years remaining, with two additional five-year options. The property features two buildings constructed in 1936, including a roll-up door and multiple dock-high loading bays. ThompsonGas utilizes two aboveground storage tanks (ASTs) – an 18,000-gallon and a 30,000-gallon tank – for their bulk propane delivery operations. The low site coverage of 9.27% provides ample outdoor storage and potential for future expansion. The asking price is $518,919, representing a price per square foot of $203.90 and a 9.25% cap rate, with a current NOI of $48,000. The tenant is backed by a corporate guarantee, minimizing landlord responsibilities to roof, structure, and building systems. This is a strong, stable investment with a national-level tenant and significant upside potential. The property is located at 13526 McMullen Hwy SW, Cumberland, MD 21502.

    Property Features for 13526 Mcmullen Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    2,545 SF
    Lot Size
    27,443 SF

    Building Details

    Year Built
    1936
    Buildings
    2

    HighLights

    • Roll‑up door and multiple dock‑high loading bays ideal for industrial use.
    • Ample outdoor storage and significant room for expansion due to low 9.27% site coverage.
    • Triple Net (NNN) lease; tenant responsible for taxes, insurance, and maintenance; landlord responsible for roof, structure, and building systems.
    • Strong national tenant, ThompsonGas, the largest private and sixth‑largest overall propane retailer in the US.
    Property Profile Location Intelligence

    Current Use by Public Records

    ThompsonGas Propane Supplier

    Suggested Use

    Auto Repair Shop Gym & Fitness Bar & Pub Convenience Store Veterinary Clinic Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -78.813350173425
    Latitude
    39.610634159775

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    FAQs

    What type of property is this?
    Distribution property - Profitable ThompsonGas Net Lease
    Where is this distribution property located?
    The property is located at 13526 Mcmullen Hwy Cumberland, MD.
    What is the asking price?
    The asking price for this property is $518,919.
    What are key features of this property?
    This property features: Roll-up door and multiple dock-high loading bays ideal for industrial use.; Ample outdoor storage and significant room for expansion due to low 9.27% site coverage.; Triple Net (NNN) lease; tenant responsible for taxes, insurance, and maintenance; landlord responsible for roof, structure, and building systems.
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    13526 Mcmullen Hwy Cumberland, MD 21502
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    Cumberland, MD 21502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13526 Mcmullen Hwy Cumberland, MD 21502
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