13 Center Pl Dundalk, MD 21222

This mixed-use property in Dundalk, MD, presents a compelling investment opportunity. Located at 13-15 Center Place, this fully leased building boasts two street-level retail spaces under a triple-net (NNN) lease structure with multiple years remaining and renewal options. The current tenants provide stable income streams, further enhanced by a strong 8.50% capitalization rate. Adding to the investment potential are two second-floor apartments with long-term tenants, contributing to the overall cash flow. The property's strategic location in Eastern Baltimore County offers excellent accessibility, with close proximity to the Port of Baltimore, Baltimore City, and major interstates and highways. The surrounding area demonstrates strong market fundamentals, featuring a population exceeding 229,000 and an average household income of $86,960 within a five-mile radius. The land value is priced at $187.50 per square foot. Future rent increases are built in with a 3% annual rent bump provision. This property is ideal for investors seeking a stable, high-yielding asset in a thriving location. The building is a multi-tenant property with two tenants.