1918 Bel Air Rd, Fallston, MD 21047-2768

This exceptional investment opportunity presents a fee-simple ownership of a thriving 3,600 square foot restaurant, "The Local," located at 1918 Belair Rd, Fallston, MD 21047. The property boasts a strong 9.70% cap rate and a substantial net operating income (NOI) of $252,000. The restaurant operates under a triple-net (NNN) lease with a remaining term of approximately 9.4 years, expiring March 30, 2034, and includes two five-year renewal options. The lease features attractive 2% annual rental increases throughout the base term and option periods, minimizing landlord responsibilities. Situated on a 0.47-acre lot, the building was constructed in 2016. The property benefits from high visibility and excellent access on Belair Road/Route 1 (30,382 vehicles per day), a major thoroughfare leading into Baltimore. The surrounding area features a dense and affluent demographic, with over 23,500 residents within a 3-mile radius and over 101,900 within 5 miles, boasting average household incomes between $137,675 and $153,143. The tenant, "The Local," is operated by the award-winning Evolved Hospitality Group and Chef Zack Trabbold, recognized for culinary excellence. The property's adjacency to a 24-hour Waffle House provides ample parking, particularly during evening hours. This prime location is surrounded by numerous national retailers, including Dunkin', Royal Farms, Walmart, Chipotle, and several auto dealerships, ensuring high foot traffic and strong consumer demand. The asking price is $2,600,000, translating to a price per square foot of $722.22. This presents a compelling investment opportunity with significant long-term growth potential.