Annapolis, MD - Acqua al 2

Description:

• The tenant currently has 11+ years remaining on their initial lease with
1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Located in the heart of Historic Annapolis on Church Circle & Main Street adjacent to the State House, along the retail and cultural center of downtown Annapolis. Acqua al 2 offers an authentic Tuscan dining experience, while Harold Black is a hidden speakeasy-style lower-level bar serving craft cocktails and Italian dishes in a cozy, historic bank vault setting.

• The subject property is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Walgreens, 7-Eleven, Dunkin’, FedEx, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to the United States Naval Academy (4,450 students), further increasing consumer traffic to the site

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Listing ID: a28TP000001vSmzYAE