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10201 Philadelphia Rd
White Marsh, MD 21162
CarMax - White Marsh, MD · Retail Property For Sale
Investment Highlights
- At just $3.45 per square foot in annual rent, an investor effectively controls 15.68 fully entitled acres.
- Positioned on Philadelphia Road (US-1) in White Marsh, a dominant retail and commercial corridor in Baltimore County.
- Tenant is CarMax Auto Superstores, Inc. (one of the largest used vehicle retailers in the U.S.).
- CarMax Auto Superstores, Inc. (NYSE: KMX) is the nation’s largest used vehicle retailer, operating 250+ locations nationwide.
- White Marsh is anchored by White Marsh Mall and a dense concentration of national retailers, restaurants, and hospitality.
- The property’s configuration, size, and location along a high-visibility arterial road make it purpose-built and ideally suited for CarMax.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 15.68 Acres CarMax located at 10201 Philadelphia Road in White Marsh, MD with 2.25% annual increases. This opportunity features a longterm, corporate-guaranteed Triple Net (NNN) Lease backed by CarMax one of the largest and most recognized used vehicle retailers in the United States providing investors with investment-grade credit tenancy and truly passive ownership with zero landlord responsibilities. The property offers increasing cash flow, long-term security, and a rare opportunity to acquire a high-quality retail asset occupied by an industry-leading tenant in a strong retail corridor. Tenant recently exercised its last remaining 10 year renewal option.
In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337
In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
57,241 SF
Building Class
B
Year Built
1998
Price
$39,300,000
Price Per SF
$686.57
Cap Rate
6%
NOI
$2,358,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
15.68 AC
Zoning
BM, County
Parking
500 Spaces (8.73 Spaces per 1,000 SF Leased)
Frontage
292’ on Philadelphia Rd
Amenities
- Signage
Property Taxes
| Parcel Number | 15-2300004205 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,124,533 |
Property Taxes
Parcel Number
15-2300004205
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,124,533
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