708 S BOND ST Baltimore MD 21231-3303

Long-Term Stability with Absolute NNN Lease

This rare Sale Leaseback opportunity offers investors a 100% Absolute Net Lease (NNN) with Zero Landlord Responsibilities, backed by a 10-Year base term and 2% Annual Rent Increases through both the Base Term and Two, 5-Year Renewal Options. The lease is guaranteed by the well-established and proven restaurant operator entity established in 2003 with over 22 years of operating history. The 10-Year lease will commence at the close of escrow or on a mutually agreed-upon date, giving flexibility to both buyer and seller. Under the terms of this Absolute NNN lease, the tenant is fully responsible for real estate taxes, insurance, and maintenance, ensuring a hassle-free income stream for the new owner.

Historic Location with Established Business and Premium Demographics

Located at 708 S. Bond Street in Baltimore’s Historic Fells Point, this charming 3,075 SF building sits on a 0.05-acre parcel along a classic Belgian Block street. Originally built in 1920, the building has housed the successful restaurant and bar since 2003, operating continuously for 22+ years. The property features a courtyard outdoor dining area and benefits from a 7-day liquor license, with early opening privileges starting at 6 AM—ideal for weekend brunches and expanded happy hour service. Just two blocks from Harbor East and the waterfront promenade, the location attracts a steady flow of tourists and affluent local residents. Within a one-mile radius, the average household income exceeds $137,000, and over 63% of the population holds a graduate degree, reflecting a highly educated and affluent customer base.

Proven Concept, Brand Strength, and Growth Potential

One-Eyed Mike's continues to strengthen its brand through “The 1827 Club,” a growing customer loyalty program that has helped solidify a strong repeat customer base. Significant revenue upside exists with the possibility to expand the restaurant space to the upper level and/or convert it into a lounge or private event area. The current liquor license provides operational flexibility that the tenant could leverage further by opening for lunch service and on Mondays, both of which are currently untapped revenue streams. This offering represents a unique blend of stability, upside, and historical charm, perfectly positioned in one of Baltimore’s most sought-after neighborhoods.

Absolute NNN Lease: No Landlord Responsibilities

$125,000 Base Rent Year 1

New 10-Year Lease

2.00% Annual Rent Escalations

22+ Year Operating History: Established in 2003

Household Income is greater than $137,000 within 1-Mile