7-Eleven

NEC Ruby Lockhart and St Joseph Drive, Glenarden, MD
Deal Type:
Net Lease
Current Rent:
$300,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
5, 5-year options
Building Sq. Ft.:
4,000 SF
Rent Increases:
10% every 5 years
Site Size:
1.86 Acres

Investment Highlights

  • COMMITMENT: Brand new 15-year absolute NNN ground lease that will commence in approximately February 2023.
  • RENT GROWTH: The lease calls for 10% increases every 5- years, providing a hedge against inflation.
  • LOCATION: The property is approximately 2.5 miles from Fedex Field, home of the Washington Commanders, with 82,000 seats, the venue reigns as one of the NFL’s largest stadiums.
  • HIGH TRAFFIC DESTINATION: The property is located Immediately off I-495, averaging 230,000 vehicles per day. Additionally, traffic counts in excess of 73,000 at Landover and Ruby Lockhart intersection.
  • DEMOGRAPHICS: The property is located in highly affluent suburb of Washington DC | AHHI $118,000
  • TRADE AREA: Located at the entrance to Woodmore Towne Centre, 245-acre mixed-use regional lifestyle development (Anchored by Wegman’s and Costco)

Listing Agents

Phil DiGennaro

Managing Director
2036101541
phil@stream-cp.com

Connor Shell

Managing Director
4079139009
connor@stream-cp.com

Jordan Shtulman

Managing Principal
18472264133
Jordan@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6585 | A Licensed Maryland Broker #652906

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