Subway Property for Sale
$1,625,000.00
| Address | 632 S Broadway, Baltimore, MD |
|---|---|
| Tenant | Subway |
| Lease Term | 2 Years |
| Cap Rate | 4.5% |
| NOI | $72,088.00 |
| Options | 5 | Two (2) year |
Description
Triple Net Investment Group is pleased to present 632 S Broadway, Baltimore, MD & 700 S Broadway, Baltimore MD two fully
leased mixed use properties for purchase individually or as a portolio. Subject Properties are 100% leased and each have been owned by the same
Landlord since approximately 1928-1930, a self-made candy and tobacco distributor that used these locations as his operations headquarters. This Subway Property for Sale located in a popular destination in Fells Pointe consist of a lower-level retail unit leased by Subway. 700 S Broadway and 632 S Broadway each have two (2) one bedroom residential units on the 2nd and 3rd floors.
- Below Market Rent – Residential Units in the vicinity are $35-$41 a square foot.
Dense Populated Area – +120,000 people in a 1-
mile radius, excellent walkability . - Great Retail Location – Excellent visibility along
South Broadway, in the Certified Historic District
of Fells Point , minutes away from Harbor East,
Harbor Point, Little Italy, M&T Bank Stadium and
Camden Yards where the Ravens and Oriole’s
Play. - Fully Leased Investment Opportunity – Retail tenant
has been at this location for 30 years , residential
units are leased up immediately when vacancy arises. - Hard Corner—property located on intersection of S
Broadway and Aliceanna Street 11,005 VPD
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