April 18, 2023 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of 7-Eleven in Baltimore, Maryland. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,750,000.
7-Eleven is located at 3360 Annapolis Road (MD Route 648) in Baltimore, Maryland. 7-Eleven has 14+ years remaining on an Absolute NNN Ground Lease with three (3), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the base term and at the start of each renewal option. This Property was redeveloped in 2022 and 7-Eleven has a 2,920 square foot convenience store and eight (8) fueling stations. The Property benefits from outstanding frontage and visibility and is situated on a corner lot at the intersection of Annapolis Road (MD Route 648) and W Patapsco Avenue. The property is also located along the Baltimore municipal bus line with a stop in front of the Property. The Property is well located at the signalized intersection of W Patapsco Avenue and Annapolis Road (MD Route 648), two of the area’s primary commercial and commuter corridors. The Property is situated in a densely populated mixed-use neighborhood and is surrounded by retailers, businesses, schools, and high-density residential neighborhoods driving traffic to the area. 7-Eleven also benefits from its proximity to several major highways and State Routes, providing convenient access for area residents and commuters.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.