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.
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.