7-Eleven
Edgewater, Maryland
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NNN Pro Group is pleased to present the exclusive listing for a 7-Eleven located at 3226 Solomons Island Rd. in Edgewater, MD. The site consists of roughly 2,909 rentable square feet of building space on estimated 1.45-acre parcel of land. This 7-Eleven is subject to a 15-year modified triple-net (NNN) lease, which commenced November 1st, 2021. The current annual rent is $220,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
✓ Long-Term, 15-Year Modified Triple Net (NNN) Lease
✓ Approximately 13 Years Remaining
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Three (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 33 Years
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