13526 Mcmullen Hwy Cumberland, MD 21502
- Distribution centers
- 2,545 SF
- 0.29 lot acres
Current Use by Public Records
- ThompsonGas / Propane Supplier
Property Details for 13526 Mcmullen Hwy
- Year built
- 1936
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 lot acres
- Property size
- 2,545 SF
- Zone code
- B
- Property type
- Distribution centers
- APN
- 06-030793
- APU
- 6030793
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Longitude
- -78.8131
- Latitude
- 39.6105
- CBSA code
- 19060
- CBSA name
- CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
