5455 Harpers Farm Rd Columbia, MD 21044-1104

Property Details for 5455 Harpers Farm Rd

Year built

1979

Construction

WOOD

Lot size

0.67 lot acres

Property size

5,362 SF

Zone code

NT

Property type

Retail space

APN

15-050330

APU

15050330

Description

This exceptional investment opportunity presents a 5,468 square foot retail property in Columbia, Maryland, currently leased to Guidepost Montessori, the largest Montessori operator in the U.S. with over 150 locations. The property boasts a brand new 19.3-year triple-net (NNN) lease commencing May 1, 2025, and expiring August 31, 2044, with 2% annual rent increases and 4 and 5-year renewal options. The asking price is $4,995,000, representing a compelling 7.25% cap rate and a price per square foot of $913.50. The property sits on a 0.67-acre lot and was built in 1979, with renovations completed in 2023. The lease is guaranteed by a corporate entity with significant financial backing and an experienced executive team, providing exceptional security for investors. The property enjoys a 100% occupancy rate and generates a net operating income (NOI) of $362,100. Its location is advantageous, situated as an outparcel to a highly trafficked Safeway grocery store, ranking in the top 23% of grocery stores visited within 15 miles and top 17% in Maryland. This investment offers a rare combination of a strong tenant, long-term lease, and attractive financial metrics in a desirable location within a thriving community. The property's location in Columbia, MD, a consistently high-ranking community known for its safety, activities, economic growth, and diverse population, further enhances its investment appeal.

Location Insight

City

Columbia

County

Howard

State

Maryland

Longitude

-76.8909

Latitude

39.2232

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments