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1204 Reisterstown Rd
Pikesville, MD 21208

Sudbrook Shopping Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
6,342 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.58 AC
Zoning
BL
Parking
25 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
97 FT on Reisterstown Rd

About 1204 Reisterstown Rd , Pikesville, MD 21208

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in Sudbrook Shopping Center, a 6,342 square foot three-tenant strip in Pikesville, Maryland, a northwest suburb of Baltimore (the “Offering”). The Offering presents an investor the opportunity to acquire a well-located strip center anchored by a high credit convenience store operator in a densely populated Baltimore submarket. The Offering is fully occupied and anchored by a busy and wellestablished 7-Eleven that has operated at the site since 2011. While 7-Eleven does not report sales, all indicators show that this store is a strong performer. 7-Eleven is the world’s top convenience store operating close to 8,500 locations in the U.S. and Canada and more than 60,000 stores in 18 countries around the world. The chain boasts a “AA-” credit rating by Standard & Poor’s, which is investment grade. The 7-Eleven lease features rental increases of 10 percent in each of the two, five year option periods, while leases for supporting tenants, This Is Wings and Diamond Cleaners, feature annual increases of three percent. The annual increases allow an investor to increase their rate of return over the life of their investment. The tenant line-up also features staggered lease rollover which makes for a safe and stable investment.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-0305077150
Land Assessment
$477,000
Improvements Assessment
$920,000
Total Assessment
$1,397,000
  • Listing ID: 14959312

  • Date on Market: 1/23/2019

  • Last Updated:

  • Address: 1204 Reisterstown Rd, Pikesville, MD 21208

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