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Raising Cane's - Forestville MD 3270 Donnell Dr 3,580 SF Retail Building Forestville, MD 20747 $3,275,000 ($914.80/SF) 4.65% Cap Rate
Investment Highlights
- 12 Years Remaining | Corporate Guaranteed Ground Lease | New Construction | Options to Extend
- Outparcel to Penn Mar Shopping Center | Across From Centre at Forestville
- Capital Beltway (I-495) | Regional Connectivity
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Excellent Visibility & Access | Signalized, Hard Corner Intersection | Limited Competition
- Strong Demographics In 5-mile Trade Area
Executive Summary
• Corporate guaranteed ground lease
• 12 years remaining on the initial term with 10% rental increases every 5 years
• 5 (5-year) options to extend, demonstrating long-term commitment to the site
• 12 years remaining on the initial term with 10% rental increases every 5 years
• 5 (5-year) options to extend, demonstrating long-term commitment to the site
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,580 SF
Building Class
C
Year Built
2023
Price
$3,275,000
Price Per SF
$914.80
Cap Rate
4.65%
NOI
$152,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.86 AC
Zoning
CGO - Commercial, General Office
Parking
21 Spaces (5.87 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $36,289,067 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$36,289,067
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