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BP Oil | 17+yrs Remain Abs NNN w/ Annual Incr 320 Romancoke Rd 3,072 SF Retail Building Stevensville, MD 21666 $2,550,000 ($830.08/SF) 8.49% Cap Rate
Investment Highlights
- 17+ Years Remaining | 2% Annual Increases | Options To Extend |2021 Renovation | New Fuel Pumps | On-Site Car Wash
- Direct Access via US Hwy 50 (78,200 VPD) | Affluent Community |Excellent Visibility on Romancoke Rd (22,900 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
(BP Oil) investment property located in Stevensville, Maryland. The tenant has over 17 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property was renovated in 2021 and features new fuel pumps, a convenience store, and car wash.
Property Facts
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
- -
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Lorem Ipsum
-
Jan 0000
BP maintains its U.S. headquarters at 501 Westlake Park Boulevard in Houston, Texas, supporting its nationwide energy operations. Founded as part of the global BP organization, the company oversees activities across oil production, refining, marketing, and emerging energy technologies. The Houston campus serves as a central location for deepwater operations, trading, and technology development initiatives. BP’s U.S. business includes oversight of Gulf of Mexico production and onshore energy assets, supported by specialized facilities such as its remote operations centers and high-performance computing infrastructure. The organization operates as a publicly traded entity under its global parent BP p.l.c., listed on international exchanges. The Westlake complex underwent major upgrades to enhance its operational capabilities, reflecting the company’s continual investment in U.S. energy programs. BP’s presence in Houston positions it within one of the world’s largest energy hubs, enabling coordination of research, logistics, and strategic planning across multiple business segments.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-030753 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,029,200 |
Property Taxes
Presented by
BP Oil | 17+yrs Remain Abs NNN w/ Annual Incr | 320 Romancoke Rd
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