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7810 Clark Station Rd 6,806 SF 100% Leased Retail Building Severn, MD 21144 $2,107,771 ($309.69/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Limited Responsibility Double-Net Lease
- Recession Resistant Due to Non-Discretionary Nature of Services
- Corporate Guarantee
- Strong Demographics
EXECUTIVE SUMMARY
Surmount is pleased to present the Broker Opinion of Value for an Advance Auto Parts located at 7810 Clark Station Road, Severn, MD 21144. The site consists of roughly 6,806 rentable square feet of building space on an estimated 1.18-acre parcel of land. This Advance Auto Parts is subject to a 15-year Double Net (NN) lease. The current annual rent is $147,544 and has scheduled increases of 5.00% in option.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,806 SF
Building Class
C
Year Built
2020
Price
$2,107,771
Price Per SF
$309.69
Cap Rate
7%
NOI
$147,544
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.18 AC
PROPERTY TAXES
| Parcel Number | 04-000-02656100 | Improvements Assessment | $808,400 |
| Land Assessment | $480,200 | Total Assessment | $1,288,600 |
PROPERTY TAXES
Parcel Number
04-000-02656100
Land Assessment
$480,200
Improvements Assessment
$808,400
Total Assessment
$1,288,600
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7810 Clark Station Rd
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