10499 Campbell Blvd Nottingham, MD 21236

Property Details for 10499 Campbell Blvd

Year built

2024

Lot size

1.85 lot acres

Property size

5,027 SF

Property type

Grocery and convenience stores

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a newly constructed, 5,027-square-foot Sheetz convenience store and gas station situated on a 1.85-acre lot in Nottingham, Maryland. The property boasts a prominent location at a signalized intersection with high visibility and dual access, experiencing a daily traffic count of 26,264 vehicles. This Sheetz location benefits from a 15-year NNN ground lease, commencing mid-September 2024, with a built-in rent increase of 7.5% in year six and subsequent 10% increases every five years thereafter. The lease provides seven five-year renewal options, ensuring long-term stability. The property's strategic location is further enhanced by its proximity to Greenleigh, a thriving 1,000-acre master-planned mixed-use community featuring over 3,300 residential units and 3.5 million square feet of commercial space. This rapidly growing Baltimore County submarket has seen a 28% population increase within a three-mile radius since 2000, with projected continued growth. The tenant, Sheetz, Inc., is a rapidly expanding, privately held convenience store chain with over 700 locations and $14 billion in revenue, providing investment-grade creditworthiness. The property offers a strong 5.25% cap rate and a net operating income (NOI) of $264,000. The asking price is $5,028,571. This is a rare opportunity to acquire a high-performing asset in a prime location with a secure, long-term lease. The property is ideally positioned to benefit from the continued growth and development in the surrounding area.