7102 Ritchie Hwy, Glen Burnie, MD 21061-3787

This exceptional retail investment opportunity presents a newly constructed, 4,100 square foot 7-Eleven convenience store with an integrated Roost fried chicken restaurant, situated on a 1.27-acre lot in Glen Burnie, Maryland. The property boasts a prominent location at 7102 Ritchie Hwy, benefiting from high visibility and traffic counts exceeding 30,000 vehicles daily. The building features durable construction with masonry, block, metal stud, and steel joist framing, topped with a membrane rubber roof. Ample parking is provided with 36 spaces. The property is zoned C4 and includes six MPD gas pumps. This is an absolute NNN lease with a 15-year primary term, commencing January 8, 2023, and including four to five-year options. The lease includes a 10% rent increase every five years, and during option periods. The Net Operating Income (NOI) is $402,000, resulting in a 4.90% cap rate. The asking price is $8,205,000. This investment offers a corporate guarantee with investment-grade credit and the potential for accelerated depreciation. The property's strong demographics and strategic location make it an attractive investment prospect. The Roost restaurant is the only one of its kind in Greater Maryland.