1203 National Hwy | Lavale, MD 21502
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1203 National Hwy
Lavale, MD 21502
Bob Evans · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease With 2% Annual Rent Increases | Tenant recently renewed their lease in 2023 for 20 years and currently has 18 years remaining
- Corporate Guaranteed Lease | The lease is guaranteed by Bob Evans Restaurants, LLC with over 440 corporate locations
- Passive Absolute NNN Lease | Tenant pays for all CAM, taxes, insurance and all maintenance with the property. No landlord responsibilities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,804 SF
Building Class
B
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.35 AC
Zoning
B - Business" zoning that allows for a wide range of commercial activities.
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 29-043248 | Improvements Assessment | $1,846,200 |
| Land Assessment | $1,177,800 | Total Assessment | $3,024,000 |
PROPERTY TAXES
Parcel Number
29-043248
Land Assessment
$1,177,800
Improvements Assessment
$1,846,200
Total Assessment
$3,024,000
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