2126 N FOUNTAIN GREEN Rd
bel air, MD 21015$7,507,500
- sold
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REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, January 6, 2025. Live On Site Auction - Thursday, January 9, 2025 at 11:00 AM. List price is opening bid only. $500,000 deposit required to bid. Triple net ground lease to Redner’s Markets, Inc., dated January 30, 2008. The lease is within the original 20 year term ending September 20, 2028, with an annual rent of $487,410.25 NNN plus percentage rent. There are two options remaining comprising a total of 9 years 6 months. Tenant pays for all maintenance, insurance and annual real estate taxes. The seller is a ground lease tenant for 2111 Conowingo Road, also known as 2111-2113 Conowingo Road, which includes an ingress/egress point into Hickory Village Center and Redner’s Market. 2111 Conowingo Road is sub-leased to Tamberino’s Restaurant and Frozen Sandcastle on a NNN basis as detailed below. Ground lease payments and lease revenue from sub-tenants are effectively break-even.
Details
5.6 Private Acres Exterior Space
Commercial
$75,131 Annual Tax
Built in 2000
MLS/Listing ID MDHR2037442
1 Units
Listing Courtesy of A.J. BILLIG & COMPANY, CHARLES N BILLIG - 410-296-8440
Source of Data: BRIGHT MLS
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All information deemed reliable but not guaranteed. Last date updated: 08/07/2025.
Source: Bright Multiple Listing Service, Inc.
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