location
10707 Connecticut Ave, Kensington, MD
list price
$3.50 Million
land area
30,795 SF
zoning
CRT-1
Utilities
Available
Site Topography
Generally Flat
Building size
2,990 SF
development status
Existing Retail Building
remarks
Net lease investment 5.5%. Cap with 2.5% annual escalations and over 8 years remaining on the base lease with three renewal options. Great location with 50k AADT and strong deposits at the bank branch. Additional information is available here.
DEMOGRAPHICS
| FACTS & FIGURES | 1 MILE | 3 MILES | 5 MILES |
|---|---|---|---|
| Population (2020) | 17,351 | 176,594 | 451,4990 |
| Households | 6,619 | 65,682 | 175,898 |
| Median Age | 43 | 39 | 39 |
| Avg Household Size | 2.6 | 2.7 | 2.5 |
| Median HH Income | $119,506 | $104,640 | $105,800 |
| Avg. HH Income | $167,475 | $144,200 | $153,707 |
| Housing Units | 6,930 | 69,271 | 185,914 |
| Median Home Value | $516,248 | $461,677 | $514,733 |
| Avg Home Value | $584,626 | $545,582 | $651,313 |
Retail building with great signage!
Marketing information contained herein is deemed accurate but not guaranteed. All information should be confirmed and verified by the prospective Purchaser. Neither the Owner nor BHHS PenFed Realty, LLC makes any warranty or representation to the validity or accuracy of the information provided herein.