Sam's Club - 6% CAP Rate

15 Texas Station Court | Timonium, MD 21093

  • 133,859 Square Feet
  • Commercial-Specialty
  • For Sale

Summary Description

133,859 SF freestanding building leased on an absolute NNN basis to Sam’s Real Estate Business Trust (Wal-Mart corporate guarantee.) The building is one of two anchor retail buildings (along with Lowes Home Improvement Center), located at Texas Station Shopping Center. The location is approximately 9 miles north of Baltimore and 2 miles from Morgan State University. Additional demographic information is available in the linked brochure.

Price: $18,300,000.00

Area Available: 133,859 Square Feet

Features:

  • EARLY LEASE EXTENSION THROUGH NOVEMBER 1, 2026
  • TENANT: Sam' s Real Estate Business TrustAffluent suburban Baltimore location
  • Co-anchored with Lowe’s Home Center and adjacent to a recently built Hampton Inn
  • 10+ Years Remaining on Lease
  • Offered for sale without debt
  • Built in 2000
  • CAP 6% / NOI $1,097,644
  • Absolute net lease investment / 6-5 year options (flat)
  • Sale Price: $18,300,000

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