8325 Benson Dr Columbia, MD 21045-3116
- Turn key restaurants
- 6,672 SF
- 1.75 lot acres
Current Use by Public Records
- Bob Evans / Family Restaurant / Breakfast Restaurant
Property Details for 8325 Benson Dr
- Year built
- 1993
- Construction
- WOOD
- Lot size
- 1.75 lot acres
- Property size
- 6,672 SF
- Zone code
- NT
- Property type
- Turn key restaurants
- APN
- 16-200190
- APU
- 16200190
Description
This exceptional investment opportunity presents a fee-simple ownership of a 6,672 square foot Bob Evans restaurant located at 8325 Benson Dr, Columbia, MD 21045. Situated on a sizable 1.75-acre lot, this property boasts a highly desirable location within the affluent Columbia submarket of Howard County, Maryland, serving a population exceeding 200,000 residents with an average household income over $140,000 within a 5-mile radius. The property features a long-term, absolute NNN lease with a corporate guarantee from Post Holdings, Inc., providing significant financial security. The current lease, commencing June 30, 2016, and expiring April 30, 2036, has approximately 11.4 years remaining, with annual rent increases of 1.5%. The current Net Operating Income (NOI) is $118,499, yielding a 5.25% cap rate on the asking price of $2,257,117. The lease includes five-year renewal options, further enhancing the long-term value of this investment. Built in 1993, this single-tenant property offers exceptional stability and potential for future appreciation, making it an attractive addition to any portfolio. The property benefits from a below-market rent for a pad site in this prime location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Howard
- State
- Maryland
- Longitude
- -76.8004
- Latitude
- 39.1861
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
