Property profile

2400 Pleasantville Rd Fallston, MD 21047

OFF-MARKET
Grocery and convenience stores
Property ID
US40-0978529
2,520 SF 1.13 ac lot Built 1981
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7-Eleven convenience store and gas station located at 2400 Pleasantville Rd, Fallston, MD 21047, in Harford County. The property boasts a brand-new 15-year corporate ground lease with 7-Eleven, Inc., featuring a 5.00% cap rate and a Net Operating Income (NOI) of $117,000. The lease includes 10% rent bumps every five years and three, five-year renewal options, ensuring consistent income growth. Situated on a substantial 1.13-acre (49,223 sq ft) lot, this location has a proven track record, operating for over 45 years. Remarkably, this 7-Eleven ranks in the top 13% of all 7-Eleven locations nationwide in terms of customer visits, according to Placer.ai. The property benefits from an extremely affluent surrounding area, with average household incomes exceeding $181,788 within a three-mile radius. This absolute NNN ground lease offers a secure, passive income stream with significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,340,000.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1981
Construction BRICK
Total area 2,520 SF
Lot 1.13 ac (49,223 SF)
Zoning code B1
APN 04-041976
UPID US40-0978529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Atm
  • Specialty Food Shop Wine and Liquor Store

Location

2400 Pleasantville Rd Fallston, MD 21047-2029
Fallston metro Census 304201 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.96M

Owner & transaction history

since 2025
Last sale
$2.1M
2 recorded transactions
2025
$2.1M
2024
$1.8M

Zoning & alternative use

B1 · Fallston, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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