The Globe is located in historic Berlin, MD. The tenant is a restaurant operator under a 3 year Triple Net (NNN) lease with two 3 year options to renew. The annual rent increases by 3% each year. Full property details can be provided upon request with a confidentially agreement.
Sale price is listed at $1,645,000.00 with a 7% cap rate.
The tenant operates under "Oaked at The Globe." Do not disturb the tenant or inspect the property without coordination with the listing agent.
Property Features
Parking
On Street
Parking Lot
Cooling Information
Central Air
Heating Information
Other
Water Features
Public
Listing Courtesy: Rinnier Development Co - 410-742-8151