项目现场考察时间为 5 月 5 日至 6 月 5 日每逢星期一和星期四，下午 1 点至 2 点，需预约。 预约联系人 Michael McNeil（电话 410-528-0011 或电子邮件 mmcneill@rwndg.com）。 投资亮点： 地处巴尔的摩核心市场的零售/餐厅项目，已全部出租给一家租户，三净租约。可通过出租项目扩建部分、或在现租约到期后按照市面价格再次出租，在现有基础上提高收入。可对项目进行改造，将二层和三层改成出租住宅，获得更多收益。步行指数达到 97，是步行爱好者的理想选择。位于巴尔的摩 Mount Vernon 社区内，这里也是该市文化圈的核心地段。距离 83 号州际公路仅约 0.4 英里，三个街区内有八个地铁入口，距离巴尔的摩市中心约 0.7 英里，巴尔的摩 Inner Harbor 海港位于项目南部约 1.3 英里处。人口密集，2017 年人口普查显示，项目 5 英里半径内人口约为 585546 人，平均家庭收入 61,804 美元，日间人流量很多。投资概述： 202 W Read St 是一栋面积大约为 2,070 平方英尺的零售/餐厅建筑，位于 West Read 街 202 号和 Park 达到 854 号，地处马里兰州巴尔的摩市 Mount Vernon 社区内。项目占地面积约为 0.02 英亩，是一栋三层建筑，带地下楼层。 楼宇始建于 1900 年，目前由单一租户 Chick P City 全部租用，是当地一家供应地中海式菜肴的快餐厅。这家餐厅近期开业，开业典礼规模盛大，受到当地多房关注。现租约于 2018 年 7 月 31 日到期。
The closing period for this asset is 30 days, with two (2) additional 30-day closing extension options available. Please see the purchase agreement documents in the due diligence section for more information. Property tours are available May 5th to June 5th on Mondays and Thursdays from 1:00pm to 2:00pm, by appointment only. To RSVP, please contact Michael McNeil (410-528-0011 or mmcneill@rwndg.com). Investment Highlights: ±100% occupied, single-tenant, NNN leased, retail/restaurant in core Baltimore market Significant upside through lease extension or lease up at market rates upon expiration Additional value-add potential through conversion and lease up of the second and third floors into residential units Walker’s paradise with a walkability score of 97 Located in the heart of Baltimore’s cultural community in the Mount Vernon neighborhood Excellent access only ±0.4 miles from I-83 with eight metro entrances all within 3 blocks ±0.7 miles from downtown Baltimore and ±1.3 miles north of the Baltimore Inner Harbor Dense demographics within a 5-mile radius with an estimated 2017 population of ±585,546, an average HH income of $61,804, and a strong daytime population Investment Overview: 202 W Read St is a ±2,070 SF retail/restaurant building located at 202 West Read Street and 854 Park Avenue within the historic Mount Vernon neighborhood in Baltimore, MD. The Property consists of one, three-story, building with basement level situated on a ±0.02 acre parcel of land. The improvements were constructed in 1900 and is currently 100% occupied by a single tenant with a current lease expiration of July 31, 2018. The Property is currently occupied by Chick P City, occupying the property through 7/31/2018. Chick P City is a local fast casual Mediterranean eatery that has received recent area publicity upon opening. Chick P City offers outdoor seating, dine-in or carry-out, and serves some of the best Mediterranean sandwiches & platters. The Property is operating on a NNN lease and is generating a current monthly rental income of $2000 per month, with an increase to $2,500 a month on 8/1/2017. There is significant upside through lease extension or lease up at market rates upon expiration and an additional value-add potential through conversion of the second and third floors into residential units. The property has prominent retail frontage with entrances on both Read St and Park Ave which offers significant exposure on two major roads. The Park Ave entrance is directly across the street from the University of Maryland Medical Center Waxter Center and one block from the Hotel Brexton. The Baltimore area’s extensive commuter connections and transportation programs allow residents to easily access the city and 202 W Read St is centrally located with access from eight metro entrances all within three blocks of the property. The Property offers direct access to I-83 (±0.4 miles), Baltimore-Washington Parkway, I-495, the Charm City Circulator and Johns Hopkins University Shuttle. In addition, the Property is located less than one mile west of the highly traveled Interstate 83 and benefits from average daily traffic counts of over 29,000 cars per day at the intersection of North Howard Street and West Chase Street. 202 W Read St is located in the hip and culturally vibrant neighborhood of Mount Vernon with an eclectic mix of boutique shops, gourmet restaurants, trendy bars, and nightlife, and neighborhood events all within the immediate vicinity. The Property is located ±0.7 miles north of the Baltimore Inner Harbor, ±1.3 miles from downtown Baltimore, ±1.4 miles from Oriole Park at Camden Yards, ±3 miles from Maryland Zoo and ±12 miles from Baltimore/Washington International Airport. Additionally, the Property is located adjacent to University of Maryland Medical Center and walking distance to Mercy Medical Center, Johns Hopkins Hospital, The University of Baltimore Law School, the Maryland Institute College of Art (MICA), State Office Center, and the Baltimore School for the Arts. The Property is within immediate proximity of numerous prestigious cultural landmarks including the Meyerhoff Symphony Hall, Lyric Opera House, Peabody Library, the original Washington Monument, and Eubie Blake National Jazz Institute. Neighboring retailers within close proximity include Rite Aid, PNC Bank, The Prime Rib, The Brewer’s Art, Hotel Indigo Baltimore Downtown and much more. The Property benefits from dense demographics within a 5-mile radius with an estimated 2017 population of ±585,546, an average HH income of $61,804, and a strong daytime population. The Property offers investors the opportunity to purchase a retail property in a core Baltimore market with significant upside with the possibility to extend the current lease or lease up the space once the current lease expires. Free Asset Summary Report AvailableWe've partnered with Situs, one of the most trusted names in commercial real estate research, to provide unbiased third-party insight for this asset. You can find the full, complimentary Asset Summary Report under the secure due diligence tab above. This property will be auctioned on Tuesday, June 6 - Thursday, June 8 . The price displayed is the starting bid amount of $100,000. For information and to register to bid on this property, please visit Ten-X.com.
