800 Revolution Street, Havre de Grace, MD
Retail for Sale - $1,161,000 - 2,280 Sq. Ft. on 0.49 acres

Property Info
| CIMLS# | 122936 |
| Location 800 Revolution Street Havre de Grace MD 21078 | |
| Updated | August 27th, 2010 |
| Type | Retail |
| Price | $1,161,000 |
| Building | 2,280 Sq. Ft. |
| Land | 0.49 acres |
Property Description
This NBRS bank branch office is situated on the southwest corner of Revolution Street (Route 7) and Juanita Street in Havre de Grace, Maryland. Across from the subject property is a Royal Farms gas and convenience store. On the other corner is an EZ-Quick Food Market. All within a mile of the subject property is the Harve de Grace Elementary School, Hartford Memorial Hospital and the Bulle Rock Golf Club. Zagat readers have ranked Bulle Rock among the nation's top 50 golf courses. Bulle Rock has been the proud host to the McDonald's LPGA Championship, which is one of only four "major" championships on the LPGA Tour. The city of Havre de Grace is located in northeast Maryland at the mouth of the Susquehanna River on the Chesapeake Bay . The city is centrally located between Wilmington, Delaware (which is 40 miles to the northeast) and Baltimore, Maryland (which is 35 miles to the southwest). These cities are connected by U.S. 40, which extends through the city and the John F. Kennedy Memorial Highway (Interstate 95), located just northwest of the city. Havre de Grace is in the eastern corner of Harford County and constitutes one of the three municipalities in the county. Other municipalities include the city of Aberdeen, located three miles to the southwest and Bel Air, the county seat, which is located 13 miles west of the city. Northeast of Havre de Grace, across the Susquehanna River is Perryville, which is a small community located in Cecil County. Harford County is part of the Baltimore-Towson Metropolitan Statistical Area (MSA), which is the twentieth-largest U.S. metropolitan area.
Financials
Marcus & Millichap exclusively presents the opportunity to acquire a new 14-year, fee-simple lease with National Bank of Rising Sun (NBRS), which is located at the signalized intersection of Revolution Street (Route 7) and Juniata Street in Havre De Grace, Harford County, Maryland. NBRS is a publicly traded company with a shareholders equity north of $10,000,000. At a purchase price of $1,161,000, an investor will expect to earn a 7.75 percent return in year one of ownership. The lease is triple-net, with the tenant responsible for all expenses including taxes, insurance, common area, building maintenance, roof and structure. There are no landlord responsibilities whatsoever. The lease is corporate guaranteed by NBRS Financial Bank. The property consists of 2,280 square feet and was built in 2000. This asset is extremely well positioned in the market at a heavily trafficked and signaled corner, with full access from both Revolution Street and Juniata Street. The immediate area has grown by 10 percent in the last decade and is projected to continue at that pace. NBRS has been in business since 1873. NBRS Financial is one of only two banks in the state of Maryland to stay open and solvent during the years of the Great Depression. Since 1999, NBRS has successfully expanded to an institution with eight branches, including one in Pennsylvania.
In place debt may be assumable.
Contact Agent for More Details and a Full Offering Memorandum.
