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Marjorie Dick Stuart

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602 S Philadelphia Blvd, ABERDEEN, MD – $1,950,000

  • $2M Price
  • 2,940 Sqft
  • 1.04 Acres
  • 36 DOM
  • $2M Price
  • 2,940 Sqft
  • 1.04 Acres
  • 36 DOM

602 S Philadelphia Blvd

The Feazell Commercial Group is pleased to present for sale a 7-Eleven gas and convenience store located in Aberdeen, MD just 30 miles North of Baltimore City. Built in 1999, the property consists of a freestanding building with a Gross Leasable Area (GLA) of 2,960 square feet and a gas station with six gas pumps, situated on a 1.04-acre lot. 7-Eleven is on a corporately guaranteed, Triple-Net (NNN) ground lease (no landlord responsibilities) with 5.1 years remaining in their first renewal option (April 2024 expiration) and four more remaining, five-year extension options. Cap rate is 5.38%. The lease calls for 15% increases every five years, including the option periods which is very rare. The lease is guaranteed by 7-Eleven, Inc., the world~s leading convenience store with an S&P credit rating of AA- and a Moody~s credit rating of Baa1. Exercising of the first renewal option shows commitment to the site. The City of Aberdeen has passed an ordinance against building any new gas station facilities in the City on Philadelphia Blvd. (Rt 40) so there is very limited competition to this site. Aberdeen as a city is the largest employer in Harford County MD. This 7-Eleven gas and convenience store is located at the intersection of South Philadelphia Blvd and James St and has an average daily traffic count of 34,000+ vehicles per day. The property is in an area with a population of over 45,600 people living within a five-mile radius. Major retail tenants and points of interest in close proximity include: McDonald~s, Lidl, Precision Tune, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The property~s corporate guarantee and strategic location make this 7-Eleven an attractive investment opportunity.

Essential Information

  • MLS® #MDHR238730
  • Price$1,950,000
  • Bathrooms0.00
  • Square Footage2,940
  • Acres1.04
  • Year Built1999
  • TypeCommercial Sale
  • Sub-TypeRetail
  • StatusActive

Community Information

  • Address602 S Philadelphia Blvd
  • CityABERDEEN
  • CountyHARFORD-MD
  • StateMD
  • Zip Code21001

Interior

  • HeatingOther
  • CoolingOther

School Information

  • DistrictHARFORD COUNTY PUBLIC SCHOOLS

Additional Information

  • Date ListedSeptember 13th, 2019
  • Days on Market36
  • ZoningB3

Listing Details

  • OfficeGarceau Realty
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The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Long & Foster | Christie's are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on October 20th, 2019 at 8:59am CDT.