Comments for 12 BROAD STREET , Berlin, MD 21811
The Globe is located in historic Berlin, MD. The tenant is a restaurant operator under a 3 year Triple Net (NNN) lease with two 3 year options to renew. The annual rent increases by 3% each year. Full property details can be provided upon request with a confidentially agreement. Sale price is listed at $1,645,000.00 with a 7% cap rate. This property is an equipped restaurant with outside tiki bar and patio. It is ready for an operator to take advantage of this well known Berlin location.
Cooling: Central A/C
Roof Type: Built-Up
Days on Market: 421
Sewer: Public Sewer
Exterior: Block
Taxes: $0
Flooring: Hardwood
Water: Public
Lot Dimensions: 0.10 Acre(S)
Year Built: 1910
Lot Size: 0.10 Acres
School District: WORCESTER COUNTY PUBLIC SCHOOLS