Listing Contacts
Kenneth Yanni
License: PA RS323884
Anthony Curcio
License: PA AB043795A
License: NJ L001794
Brianna Barratt
License: PA RS348200
Asking Price
$2,412,650
Address
427 W Mulberry St
Baltimore, MD
Property Details
Asking Price
$2,412,650
Property Type
Retail
Sub Type
Gas Station
Lease Type
NNN
Lease Term
10 years
Lease Commencement
04/01/2012
Lease Expiration
03/31/2022
Remaining Term
2 years
Square Footage
1,700
Price/Sq Ft
$1,419.21
Permitted Zoning
C-5DC
Lot Size (acres)
0.15
Ownership
Fee Simple
Property Description

Offered for sale to qualified investors is the rare opportunity to acquire a BP Gas Station portfolio within the Baltimore – Washington MSA. The offering includes six BP gas stations, operated by Carroll Independent Fuel, LLC, and are located in Annapolis (1), Baltimore (4), and Millersville (1), Maryland. Each location is equipped with 4-6 multiple product dispensers (MPD’s) and an on-site convenience store and/or kiosk. 

The portfolio is being sold as a package, or individually.

Property Highlights

STRONG OPERATOR: Carroll Independent Fuel, LLC 

STABLE INCOME:
  1. Annual rental increases during the base term & options
    -Additional income from gas sales — 2% of quarterly sales
  2. Absolute NNN Leases | No Landlord Responsibilities 
STRONG RETAIL LOCATION: Located in highly populated areas of Annapolis and Baltimore, MD