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7-Eleven 6900 New Hampshire Ave

2,790 SF Retail Building Takoma Park, MD 20912 $4,495,000 ($1,611/SF) 5.26% Cap Rate

Executive Summary

Absolute NNN single tenant property leased to 7-Eleven, Inc., an investment-grade tenant with an S&P rating of A. According to Placer.ai, this location ranks in the top 15% of all 7-Eleven convenience stores in the United States.
The lease offers more than 9 years of term remaining and features absolute net terms, providing investors with zero landlord responsibilities.
The property is in a dense trade area with over 29,000 people living in 1 mile and 265,000 within 3 miles. Average household income within 1 mile is over $130,000/year.
Positioned at a signalized intersection (New Hampshire Ave & Hwy 410) with a combined traffic count exceeding 50,000 vehicles per day, the property is surrounded by a strong mix of national retailers, including Lidl, AutoZone, Planet Fitness, Wendy’s, and Dunkin’ Donuts. The property has a prime position on New Hampshire Ave, a main commuter thoroughfare running south into Washington, DC. The site is just 3 miles from the University of Maryland, home to over 30,000 students, and only 6 miles from the U.S. Capitol Building, this property is ideally situated in a high-demand, strategic location.

Property Facts

Sale Type
Investment NNN
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,790 SF
Building Class
B
Year Built
2019
Price
$4,495,000
Price Per SF
$1,611
Cap Rate
5.26%
NOI
$236,644
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
0.36 AC
Zoning
CRT
Parking
12 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
150 FT on Ethan Allen Ave

Amenities

  • Pylon Sign
  • Signalized Intersection
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Lidl
IHOP
ALDI
Starbucks
Cluck-U-Chicken
Bank of America
Citi
Rent-A-Center
Capital One
Truist

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-03165248
Land Assessment
$602,800
Improvements Assessment
$3,213,000
Total Assessment
$3,815,800
  • Listing ID: 33382016

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 6900 New Hampshire Ave, Takoma Park, MD 20912

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