T-Mobile | NN | Baltimore MSA |
8010 Belair Road
Nottingham, MD 21236


For Sale $1,293,600
Status DELETED
Dean Zang215-531-7064
<em>No Description</em><br/>Photo 1 of 2 <em>No Description</em><br/>Photo 2 of 2

Property Overview

Land SF/$ Per19,166 / $67.49
Acres/$ Per-/-
Property UseInvestment
ZoningCommercial
Parcel Number-
T, R, S-, -, -
Land Size0.440 acres
Bld SF/$ Per3,080 / $420.00
# of Buildings1
# of Stories1
Cap Rate10.00%
Vacancy-

Property Description

Marcus & Millichap is pleased to exclusively present this freestanding
T-Mobile retail store in Nottingham, Maryland, a suburb of Baltimore.
The Lease was recently extended by T-Mobile, demonstrating the
tenant's commitment to the location. The Lease is guaranteed by TMobile Northeast LLC, a subsidiary of T-Mobile USA, Inc., the nation's
fourth largest wireless communications provider and the US carrier
for Deutsche Telekom AG (OTCQX:DTEGY). Currently, there are over
five years of lease term remaining with a ten percent rent increase in
the option period. The tenant reimburses Landlord for all noncapital
expenses, taxes and insurance with a seven percent
administration/management fee on common area maintenance
excluding utilities. The location offers outstanding visibility of both the
building and prominent pylon sign to the 50,000+ vehicles per day that
pass in front of the site. Astute purchasers will appreciate a safe return
and the long term residual value of the real estate. Contact Agent for Full Offering Memrandum.

Area Description

This freestanding T-Mobile Wireless Retail Store is situated near the intersection of Belair Road (US Route 1) and Rossville Boulevard in Nottingham, Maryland. A large, prominently place pylon sign offers great
visibility of the location. Additionally, T-Mobile customers have ample parking (35+/- spaces) at this well maintained store and there is easy right turn and left turn ingress/egress to the property. Belair Road is a
heavily trafficked corridor that sees over 50,000 vehicles per day on its five lanes including a suicide lane. This road is a major connector of the Northeast suburbs to the City of Baltimore and located in the center of a regional commercial hub and is dominated by retail uses in freestanding buildings with newer strips shopping center and a regional shopping mall. Well located in the Baltimore MSA, the property sits a short distance from the Belair Road Exit of the Baltimore Beltway (Route 695) and one exit from the I-95 Interchange. Because of its proximity to major highways, roadways, and a population of over 130,000 in a three mile radius, the immediate area supports a number of retailers. Walmart is at the nearby intersection of Belair Road and Whitemarsh Boulevard. Across Rossville Boulevard is Kimco's 90,000 square foot Putty Hill Plaza, a Giant anchored center with
Bank of America and Dunkin Donuts. Also, K-Mart, BJ's Wholesale Club, Sears Home Services, McDonald's, and IHOP are located nearby to the property. The subject property is within a dense
suburban location. The building also benefits from being located only minutes away from most major highways in the market (Interstate 695, 95, and 895). This number drastically increases to 130,750 within a
three mile radius, and jumps to 303,137 people within a five mile radius (at the 2010 census). The average household income level within 1 mile is $70,000+. The Baltimore Metropolitan Area has approximately 2.7 million residents; the 21st largest in the country.
Baltimore is also the largest city in the surrounding associated combined statistical area of approximately 8.4 million residents. It is the largest independent city in the United States and the largest city and cultural center of the US state of Maryland. The city is located in central Maryland along the tidal portion of the Patapsco River, an arm of the Chesapeake Bay. Founded in 1729, Baltimore is the largest U.S. seaport in the Mid-Atlantic and is situated closer to major Midwestern markets than any other major seaport on the East Coast.

Property Features

  1. Tenant Recently Exercised Option
  2. 10% Rent Increase in the Option Period
  3. Strong Traffic Counts; 50,000 VPD on Belair Road
  4. Highly Sought After Mid-Atlantic Market Location

Financial Overview

List Price$1,293,600.00
Down Payment-
Cap Rate10.00%
Cash on Cash-
Financial TermsSee Financial Analysis for Details
Consider ExchangeYes

Cash Flow

CF TypeActual
Year-
Scheduled Gross-
Reimbursement-
Vacancy-
Effective Gross-
Operating Expenses-
Operating Income$129,360.00
Debt Service-
Capital Costs-
Cash Flow (pre-tax)-

Debt Information

Debt Type-
Debt Service-
Principal-
Interest Rate-
Amortization-
Due-
Loan Description-

General Property Information

Property UseInvestment
Land SF19,166.400 sf
Land Acres0.440 acres
Building SF3,080
Bld SF/$ Per3,080 / $420.00
# of Buildings1
# of Stories1
Free StandingYes
Year Built2001
Built YetYes
Building Class-
ZoningCommercial
Parcel Number-
# Grade Dock Doors-
# Dock High Doors-
Parking Description-
Broadband-
GasYes
WaterYes
ElectricYes

Listing Agent

Dean Zang
Dean Zang Associate Vice President for Investments Marcus & Millichap | Conshohocken 215-531-7064 215-531-7010 (Fax) www.taylorzangmunleydougherty.com