American Net Lease Closes $9.28M All-Cash Acquisition of Home Depot in Baltimore Metro Area

PUNTA GORDA, Fla. - June 16, 2025 - PRLog -- PUNTA GORDA, FL – American Net Lease, a national investment real estate brokerage, is proud to announce the successful closing of a $9,280,000 all-cash acquisition of a Home Depot property located in Catonsville, Maryland. The deal was completed on behalf of a repeat buyer and closed swiftly with no financing contingencies.

The asset is backed by a corporate-guaranteed Absolute NNN Ground Lease, providing zero landlord responsibilities and long-term income security. Home Depot has operated at this location for over 30 years, with over 5 years remaining on the lease and seven additional 5-year renewal options featuring 5% rent increases.

"This acquisition reflects our mission to help investors secure stable, low-maintenance assets with strong credit tenants and upside potential," said Dwaine L. Clarke, Managing Broker at American Net Lease. "We're honored to represent buyers seeking predictable income and tax-efficient investment strategies."

The 12.87-acre parcel sits in the Baltimore-Columbia-Towson MSA with exceptional retail synergy, below-market rent, and long-term growth potential.

To learn more about available net lease properties or request a custom list, visit www.AmericanNetLease.com or call 239.379.8033.