1700 JARRETTSVILLE RD

Jarrettsville, MD 21084

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, June 19, 2023. Live On-Site Auction - Thursday, June 22, 2023 at 11:00 AM. List price is opening bid only. $187,500 NNN Annual Income.Located at the corner of Jarrettsville Road and Federal Hill Road in Jarrettsville, Maryland, the Jarrettsville Plaza Shopping Center is a well-positioned retail strip with excellent existing income. Jarrettsville is an historic community with a rich, rural tradition going back more than 250 years. Over more recent decades, the community has expanded to include a significant number of small and mid-sized subdivisions, making the area a convenient bedroom community for those commuting to Hunt Valley, Bel Air, Towson, White Marsh and Baltimore.The fully occupied shopping center has been anchored by a corporate owned 7-Eleven, originally Southland Corporation and now 7-Eleven, Inc., since it was constructed by the current owner in 1977. The J’Ville Grille, a well-known neighborhood restaurant, Karma Salon and Spa and Drumgoole Financial Services round out the existing tenants, who have been at the site for 4, 10 and 2 years, respectively.The auction provides an opportunity to purchase a well-located asset with nearly 50 years of stable income, full occupancy and scheduled rent escalations. Whether a newer investor looking for a prime acquisition, or seasoned enterprise looking to add to their portfolio, the Jarrettsville Plaza Shopping Center represents an attractive investment for any real estate investor.