About This Property

CapStar Real Estate presents the Income-producing retail investment on US Highway 17 in downtown Fort Meade. Offered at $1,250,000, this property features a Circle K convenience store and laundromat totaling approximately 4,062 SF across two buildings on 0.37 acres. The corner location at N Charleston Avenue and 2nd Street offers highway frontage, 15 on-site parking spaces, and exposure to approximately 24,500 vehicles daily, as cited in the appraisal. Reported improvements include convenience-store renovations in 2013 and laundromat renovations in 2025. The appraisal identifies Circle-K Stores, Inc. as the master tenant for the entire property, with the laundromat subleased to Bright Laundromat, LLC. Appraisal-reported annual rent and NOI of $73,769 indicate a 5.90 capitalization rate at the asking price, based on the appraisal’s absolute-net lease assumption. Current rent, lease term, renewal options, and expense responsibilities are subject to verification. Sale includes the leased-fee real estate interest only. The adjacent Circle K-owned fuel parcel, canopy, tanks, and pumps are excluded. Operating businesses, tenant-owned equipment, and inventory are not included. Buyer to verify all property, financial, lease, and environmental information. Please do not disturb tenants or employees; all inquiries and showings must be coordinated through the listing agents.

Key Features

• 16,191 Square Feet Lot
• Built in 1965

Property Details

• Type: Single Family Home
• Year Built: 1965
• Lot Size: 16,191 sq ft
• Sq Ft: 2,562
• Price / Sq Ft: $488
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 16,191 Square Feet Lot
• Feature: Built in 1965
• Status: Active
• MLS Number: MFR813643013
• Days on Market: 1
• Listed By: CAPSTAR REAL ESTATE LLC · Gavin Perry
• Zip Code: 33841