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The Human Bean 8553 Fort Smallwood Rd 1,685 SF 100% Leased Retail Building Pasadena, MD 21122 $1,795,000 ($1,065.28/SF) 6% Cap Rate
Investment Highlights
- 12+ Years Remaining | Annual Rental Increases | Drive-Thru Equipped | Growing Brand
- Experienced Franchisee Operator
- Strong Demographics in 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Hard Corner Intersection | Strong National/Credit Tenant Presence | Excellent Visibility & Access | Nearby Schools
Executive Summary
• Brand new build-to-suit in 2023. Tenant has signed a long-term lease with 12+ years remaining with 1 (5-year) option to extend
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Human Bean currently supports over 260 locations open or under development in 25 states
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Human Bean currently supports over 260 locations open or under development in 25 states
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,685 SF
Building Class
B
Year Built
2023
Price
$1,795,000
Price Per SF
$1,065.28
Cap Rate
6%
NOI
$107,787
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.71 AC
Zoning
C3 - A167 - Fast Food
Parking
21 Spaces (12.46 Spaces per 1,000 SF Leased)
Frontage
36’ on Fort Smallwood Road
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-000-25264325 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $354,833 |
Property Taxes
Parcel Number
03-000-25264325
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$354,833
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The Human Bean | 8553 Fort Smallwood Rd
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