Pasadena, MD - The Human Bean

Description:

• Brand new build-to-suit in 2023. Tenant has signed a long-term lease with 12+ years remaining with 1 (5-year) option to extend
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Human Bean currently supports over 260 locations open or under development in 25 states

• The subject property is at the hard corner intersection of Fort Smallwood Rd and Cottage Grove Dr which combined average 7,400 VPD
• The site is nearby multiple national/credit tenants including Dollar General, Royal Farms, Walgreens, CVS, Popeye’s, Burger King, Advance Auto Parts and many more
• The asset is also in close proximity to Riviera Beach Elementary School
(332 students) and Northeast High School (1,390 students), further increasing consumer traffic to the site
• The asset has excellent visibility via significant street frontage and a large pylon sign
• Multiple points of ingress/egress

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Listing ID: a28TP0000028xbFYAQ