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The Globe 12 Broad St 6,268 SF Retail Building Berlin, MD 21811 $1,645,000 ($262.44/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in Historic Downtown Berlin, MD
- Heavy Foot Traffic
- Exposed Brick Walls
EXECUTIVE SUMMARY
The Globe is located in historic Berlin, MD. The tenant is a restaurant operator under a 3 year Triple Net (NNN) lease with two 3 year options to renew. The annual rent increases by 3% each year. Full property details can be provided upon request with a confidentially agreement.
The tenant operates under "Oaked at The Globe." Do not disturb the tenant or inspect the property without coordination with the listing agent.
The tenant operates under "Oaked at The Globe." Do not disturb the tenant or inspect the property without coordination with the listing agent.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,268 SF
Building Class
B
Year Built
1910
Price
$1,645,000
Price Per SF
$262.44
Cap Rate
7%
NOI
$115,150
Tenancy
Single
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
B-1 - Town Center District, intended for mixed-use development (residential and commercial) in central areas
Parking
15 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
30’ on Broad St
AMENITIES
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-029379 | Improvements Assessment | $434,300 |
| Land Assessment | $190,000 | Total Assessment | $624,300 |
PROPERTY TAXES
Parcel Number
03-029379
Land Assessment
$190,000
Improvements Assessment
$434,300
Total Assessment
$624,300
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The Globe | 12 Broad St
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