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Auto Service - Gas-Conv

Carroll Fuel | 14+ Years Remaining | Unique NNN Offering

2801 Edmondson Ave, Baltimore, MD 21223

Listing Price: $2,785,540

Cap Rate
5.00%
Tenant Name
Carroll Fuel
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.21

Investment Overview

The Tenant, Carroll Independent Fuel, has more than 14 years remaining on its initial 15-year absolute NNN ground lease. In addition, the lease includes two, 10-year renewal options and annual rental increases of 3.25% which are extremely rare amongst long-term net lease investments. The NNN master lease to Carrol Independent Fuel includes the 4 MPD Fuel Station, a 6,500 square foot strip center and a car wash of one automated/four self-service bays.

Investment Highlights

  • Corporate Guarantee from 100 Plus Unit Operator
  • Dense, Urban Infill Location
  • 2022 Family-Owned Business Award Recipient by Baltimore Business Journal

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Carroll Fuel | 14+ Years Remaining | Unique NNN Offering

Listing Price: $2,785,540

Cap Rate
5.00%
Tenant Name
Carroll Fuel
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.21

Investment Highlights

  • Corporate Guarantee from 100 Plus Unit Operator
  • Dense, Urban Infill Location
  • 2022 Family-Owned Business Award Recipient by Baltimore Business Journal

Investment Overview

The Tenant, Carroll Independent Fuel, has more than 14 years remaining on its initial 15-year absolute NNN ground lease. In addition, the lease includes two, 10-year renewal options and annual rental increases of 3.25% which are extremely rare amongst long-term net lease investments. The NNN master lease to Carrol Independent Fuel includes the 4 MPD Fuel Station, a 6,500 square foot strip center and a car wash of one automated/four self-service bays.

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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