601 Pulaski Hwy Joppa, MD 21085-3914

Property Details for 601 Pulaski Hwy

Year built

2001

Construction

BRICK

Lot size

2.00 lot acres

Property size

4,244 SF

Zone code

B3

Property type

Grocery and convenience stores

APN

01-040723

APU

1040723

Description

This exceptional investment opportunity presents a fee-simple ownership of a Sheetz gas station and convenience store located at 601 Pulaski Highway in Joppatowne, Maryland. The property boasts a 4,244 square foot building constructed in 2001 and renovated in 2022, situated on a 2.02-acre lot with ample parking for 40+ vehicles. The property benefits from a triple-net (NNN) ground lease with Sheetz, Inc., originally executed April 14, 2000, and currently extended through May 31, 2026, with seven remaining five-year options at a 10% rent increase per renewal. The current annual net operating income (NOI) is $203,643, representing a compelling 10.18% cap rate. The property enjoys a high-traffic location on Pulaski Highway (US-40), a major east-west thoroughfare, with an average daily traffic count of 27,952 vehicles. Additional traffic of 3,520 vehicles daily is generated by Joppa Road. The property is zoned B3 (General Business District), allowing for a wide range of commercial uses. The property includes two fuel islands with ten two-sided pumps, offering unleaded and diesel fuel. Annual real estate taxes, paid by the tenant, are $25,644.98. This is a rare opportunity to acquire a well-established, high-performing NNN investment with a strong tenant and significant upside potential. The property is sold free and clear of liens.

Location Insight

City

Joppa

County

Harford

State

Maryland

Longitude

-76.3548

Latitude

39.4286

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments