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8457-8459 Fort Smallwood Rd 2,422 SF Retail Building Pasadena, MD 21122 $3,077,742 ($1,270.74/SF) 5.50% Cap Rate
Investment Highlights
- New 10-year lease with four (4) 5-year options
- 2,422 SF ± freestanding restaurant with drive-thru
- Attractive location in Pasadena, MD
- Starbucks Corporation guaranty
- NNN Lease structure
Executive Summary
8457-8459 Fort Smallwood Road presents a 100% leased Starbucks investment opportunity in Pasadena, Maryland. The property consists of a 2,422 SF ± freestanding restaurant with drive-thru service situated on a 0.909-acre ± corner site with access from both Fort Smallwood Road and Meadow Road. The asset is secured by a Starbucks Corporation guaranty and a new 10-year NNN lease commencing May 15, 2026, with four (4) 5-year renewal options. The highly visible location benefits from traffic counts exceeding 17,000 vehicles per day and offers convenient access to Route 2 and I-695.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,422 SF
Building Class
A
Year Built/Renovated
1979/2026
Price
$3,077,742
Price Per SF
$1,270.74
Cap Rate
5.50%
NOI
$169,276
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Zoning
C3 - C-3.
Parking
36 Spaces (14.86 Spaces per 1,000 SF Leased)
Frontage
37’ on Fort Smallwood Rd
Amenities
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
Starbucks began in 1971 in Seattle's Pike Place Market as a roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $157,400 | |
| Land Assessment | $363,900 | Total Assessment | $521,300 |
Property Taxes
Parcel Numbers
Land Assessment
$363,900
Improvements Assessment
$157,400
Total Assessment
$521,300
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