Showing posts with label for sale. Show all posts
Showing posts with label for sale. Show all posts

Wednesday, June 12, 2024

Sherwin-Williams building up for sale in Rockville

A commercial building in a high-visibility location is now on the market in Rockville. 856 Rockville Pike is being offered at the asking price of $4,075,000. It is not only on the very busy commuter route of MD 355, with an average of 62,800 vehicles passing it per day, but is also across from Wintergreen Plaza. The current tenant is Sherwin-Williams Paints, which has 10 years remaining on its lease, with 2 5-year extension options. Built in 1970, the building was renovated in 2020, according to the online listing.

Tuesday, May 14, 2024

Rita's Italian Ice for sale in Derwood

Rita's Italian Ice & Frozen Custard
at 7211 Muncaster Mill Road in Derwood is available for sale. The shop shares a building with Ledo Pizza across the street from the Red Mill Shops. It has walk-up window sales, and outdoor seating. 

The asking price is $260,000, according to the sale listing. Inventory is not included in the sale price. Rita's opened here in 2017, and remains open for business.

Tuesday, June 13, 2023

Want to buy the Derwood CVS?

Have you ever wanted to own a CVS Pharmacy? Now you can. Become the landlord for the CVS at 17651 Redland Road in Derwood, in the Redland Plaza shopping center. It will only cost you $5,600,000. CVS has 21 years remaining on their lease here, according to the sale listing. $280,000 annual rent with step increases are in your future, along with all the cash register tape you can handle.

Friday, December 9, 2022

Rockville restaurant for sale

Live Crawfish & Seafood
at 765-F Rockville Pike at the Ritchie Center is being marketed for sale. The restaurant remains open for business. A liquor license and food inventory is being included in the sale offer. The asking price for the business is $289,000, according to the listing. Live Crawfish & Seafood has been open since 2017 in Rockville.

Tuesday, August 30, 2022

Ding Tea for sale in Rockville

Ding Tea,
a tea shop selling bubble tea, milk tea, macha and more at 785-C Rockville Pike, is being marketed for sale. The shop remains open, but according to the sale listing, the owner is moving out-of-state and would like to sell the business. Asking price is $650,000. The lease for the shop at the Ritchie Center has two years remaining on it, with a 5-year renewal option.

Ding Tea opened in January 2020, but managed to survive the pandemic lockdowns and downturn. Rent for the shop's space is currently $5100 a month, according to the sale listing.

Sunday, August 7, 2022

Rockville Home Depot for sale on Shady Grove Road

Have you always wanted to own a Home Depot? Now, your dream can come true at the 270 Center on the border of Rockville and Gaithersburg. The 102,190 square foot Home Depot store at 15740 Shady Grove Road is now available for sale. A co-anchor of the retail property with Best Buy, the Home Depot is a triple-net lease (NNN) ownership opportunity at a shopping center soon to add an Amazon Fresh grocery store. The asking price is not public, but the store is currently valued at an assessment of $27,020,300, according to the sale listing.

Photo courtesy CBRE

Tuesday, June 21, 2022

Chase Bank property for sale in Rockville before the bank has even opened

The property that will soon house a Chase Bank branch at 460 Hungerford Drive in Rockville is now on the market for sale. After a controversial debate over the historical significance of a retail building on the site, including the trashing of a highly-respected prominent architect who designed it, Chase Bank finally received approval to demolish it and build a branch there. The current property sale would give the prospective buyer fee-simple ownership of the land, while Chase pays for maintenance, taxes and other costs. However, to see the sale price and terms, you must sign a non-disclosure agreement first.

Wednesday, October 6, 2021

Mandarin Express restaurant for sale in Rockville

Mandarin Express
at 15209 Frederick Road in Rockville is for sale, but remains open for business. The owner is thinking of retiring, and is marketing the Chinese restaurant at an asking price of $150,000. It is in a high-visibility location on MD 355, near its busy intersection with E. Gude Drive. The owner is willing to help guide the purchaser in learning the operations of the restaurant, as well as share the recipes that have earned Mandarin Express 25 years in business, and a 3.8 star (out of 5) rating on Google.

Monday, June 21, 2021

Want to buy a Walgreens in Rockville?

The building currently home to Walgreens at 430 Hungerford Drive in Rockville is for sale. Before you hear the asking price, you may want to have a seat. Buying this property will set you back a wallet-busting $10,650,000.

Rather than indicating that Walgreens is struggling, the selling point of the building is that the Walgreens is a successful, highly-desirable tenant. Walgreens has an absolute net lease with 7 years remaining on it, and rent escalations every five years. The drugstore opened in 2013; its 1970 building was previously home to the legendary Orange Ball Billiards and Cafe.

Another reason you'll have pay over $10 million, is the redevelopment potential of the site. You could practically throw a football and hit the Rockville Metro station from the property. Assemble additional parcels, and you would have a very profitable redevelopment opportunity, but a nice opportunity even by itself.

Tuesday, May 26, 2020

Launch Trampoline Park for sale in Rockville

Launch Trampoline Park in Randolph Hills is for sale, according to an online listing. The asking price is nearly $2 million. Under "reason for selling," the listing states, "Timing wrong and not the business for the investors." Speaking of wrong timing, coronavirus is now here, and a business like this will have to make significant adjustments to its operations for at least the next couple of years. The listing acknowledges that the financial numbers it provides do not take the impact of Covid-19 into account.

Wednesday, February 12, 2020

Pizza Palace for sale in Rockville

Rockville's Pizza Palace is for sale. The pizzeria, located at 14050 Travilah Road, has been in business for just over 20 years. If you've ever wanted to own your own pizza parlor, the asking price for the Palace is $64900, according to the online sales listing.