If you're looking for Baltimore real estate, the Chris Cooke Team can help you find your dream home. Check out Baltimore homes and condos for sale here. Call Chris Cooke at 410.814.2408. Close
Page Summary
Inquire!
  • Price$1,950,000
  • Sq. Ft.2,940
  • Acres1.04
  • Built1999
  • 602 S Philadelphia Blvd
  • ABERDEEN, MD 21001
  • MLS® #: MDHR238730
  • Office: Garceau Realty

The Feazell Commercial Group is pleased to present for sale a 7-Eleven gas and convenience store located in Aberdeen, MD just 30 miles North of Baltimore City. Built in 1999, the property consists of a freestanding building with a Gross Leasable Area (GLA) of 2,960 square feet and a gas station with six gas pumps, situated on a 1.04-acre lot. 7-Eleven is on a corporately guaranteed, Triple-Net (NNN) ground lease (no landlord responsibilities) with 5.1 years remaining in their first renewal option (April 2024 expiration) and four more remaining, five-year extension options. Cap rate is 5.38%. The lease calls for 15% increases every five years, including the option periods which is very rare. The lease is guaranteed by 7-Eleven, Inc., the world~s leading convenience store with an S&P credit rating of AA- and a Moody~s credit rating of Baa1. Exercising of the first renewal option shows commitment to the site. The City of Aberdeen has passed an ordinance against building any new gas station facilities in the City on Philadelphia Blvd. (Rt 40) so there is very limited competition to this site. Aberdeen as a city is the largest employer in Harford County MD. This 7-Eleven gas and convenience store is located at the intersection of South Philadelphia Blvd and James St and has an average daily traffic count of 34,000+ vehicles per day. The property is in an area with a population of over 45,600 people living within a five-mile radius. Major retail tenants and points of interest in close proximity include: McDonald~s, Lidl, Precision Tune, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The property~s corporate guarantee and strategic location make this 7-Eleven an attractive investment opportunity.

Essential Information

  • MLS® #MDHR238730
  • Price$1,950,000
  • Bathrooms0.00
  • Square Footage2,940
  • Acres1.04
  • Year Built1999
  • TypeCommercial Sale
  • Sub-TypeRetail
  • StatusActive

Community Information

  • Address602 S Philadelphia Blvd
  • CityABERDEEN
  • CountyHARFORD-MD
  • StateMD
  • Zip Code21001

Interior

  • HeatingOther
  • CoolingOther

School Information

  • DistrictHARFORD COUNTY PUBLIC SCHOOLS

Additional Information

  • Date ListedSeptember 13th, 2019
  • Days on Market36
  • ZoningB3

Listing Details

  • Listing Office:Garceau Realty
Print this Page

Property Location

Get directions to this property:
Please provide a valid email address.

Why Choose Us...

SERIOUS REAL ESTATE MARKETING

Our Professional Photography, Expansive Marketing Campaign (Over $100K Annually), and Trademark "Real Ads" TM Listing Pictures set the standard for today's real estate marketing. We Don't List Homes, We SELL Them...

TOP PRODUCERS

Unlike our Competitors, we look at ourselves first as sales professionals and second as real estate agents. Our Agents have extensive sales and customer service training. We leverage our vast experience to negotiate the very best terms for our clients.

UNCOMMON RESULTS

Consistently Ranked as the #1 Real Estate Team in Baltimore. Over a half billion dollars in sales.

TEAM OF SPECIALISTS

A highly trained team of support specialists with specialized skills to guide you through each step of your purchase or sale.

Sell My Property

Are you thinking about selling your home? Receive a free market analysis of comparable properties in your area.

Our Clients are Saying…

"Chris is very knowledgeable of the local market and has put together an impressively efficient team supporting all aspects of the sale. His marketing process is…

Claudio Delphino

Career Opportunities

We are continuously looking for new passionate, energetic talent to add to our growing team.