Retail•Free Standing Building•For Sale

NNN Investment Property at Solomon's Pier

14575 Solomons Island Rd S., Solomons, Maryland 20688

Sale Price $2,950,000
Sale Type Investment
Zoning TC
Bldg Type Single Tenant
Status Existing
Year Built 1967
Year Renovated 2017
Stories 2
Cap Rate 7.20%
Vacancy 100%
Gross Bldg 12,500 SqFt
RBA 12,500 SqFt
Land Area .31 Acres
Ceiling Height 8.0 Ft
Net Op Inc $216,000
Market Washington DC
K & M Commercial as the Exclusive Brokerage Firm is happy to present this NNN Investment Restaurant with the Pier Restaurant Group for SALE. Unique property located on the historic island of Solomon which sits on Solomon's pier. The only restaurant on the island with dock access and views. Property is situated where the Patuxent River meets the Chesapeake Bay. Newly renovated and updated. Landlord holds a license to pier granted by War Department of 1933. For more information, please call 703-734-2822. Located at the point of Solomon's Pier with views of the Patuxent River. Solomon's Island and Pier is a historic island surrounded by docks, beach homes, and multiple shops and restaurants. Approximately 90 minutes from Washington DC.
  • 9 Years Remaining on Lease with Options (The Pier Restaurant Group)
  • 7.3% Cap Rate
  • 1% Annual Escalations
  • Newly Renovated and Updated Restaurant and Pier
  • Located on Patuxent River
  • Only Restaurant on Island with Pier Views and Access
12/6/2018 3:28:10 AM 12/7/2018 8:25:50 PM
Kayvan Mehrbakhsh
Managing Director
SVN K & M Commercial Real Estate

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