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    22606 Three Notch Rd Lexington Park, MD 20653

    For Sale
    $7,568,545

    High-yield, NNN-leased 7-Eleven gas station.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a newly built, 5,000 square foot 7-Eleven gas station and convenience store located at 22606 Three Notch Rd, Lexington Park, MD 20653. Boasting an 18.1-year initial lease term commencing February 11, 2023, and expiring February 28, 2041, this property offers a substantial remaining lease term of 16.3 years. The absolute NNN lease structure ensures minimal landlord responsibilities, with a credit-rated tenant providing exceptional security. The property features eight gas pumps and benefits from a high average daily traffic count of 34,800 vehicles. The lease includes 10% rent bumps every five years and four five-year renewal options. Built in 2023, this single-unit property sits on a 3.24-acre lot and generates a strong net operating income (NOI) of $389,780, resulting in a 5.15% cap rate. The asking price is $7,568,545, translating to a price per square foot of $1,513.71. The property is zoned for commercial use and enjoys 100% occupancy since January 18, 2023. This is a rare opportunity to acquire a high-performing, low-maintenance asset backed by a corporate guarantor with an investment-grade rating. The property's new construction status allows for accelerated depreciation benefits, further enhancing its investment appeal.

    Property Features for 22606 Three Notch Rd

    General Information

    Property type
    Restaurants
    Square Feet
    5,000 SF
    Lot Size
    141,134 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington Park
    County
    St Mary's
    State
    Maryland
    Longitude
    -76.48280620775
    Latitude
    38.289239264633

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    FAQs

    What type of property is this?
    Restaurant - High-yield, NNN-leased 7-Eleven gas station.
    Where is this restaurant located?
    The property is located at 22606 Three Notch Rd Lexington Park, MD.
    What is the asking price?
    The asking price for this property is $7,568,545.
    Request Owner's contact information
    22606 Three Notch Rd Lexington Park, MD 20653
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    Lexington Park, MD 20653
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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
    22606 Three Notch Rd Lexington Park, MD 20653
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