DOLLAR GENERAL | FLINTSTONE, MARYLAND
INVESTMENT SUMMARY
Purchase Price
$1,689,656
Location
21701 Flintstone Dr NE
Cap Rate
6.03%
Annual Rent
$102,021.00
Building Size
10,640 SF
Land Area
1.85 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
15 Years
LEASE EXPIRATION
02/28/2038
Renewal Options
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2023
APN
TBD
Traffic Counts
20,379 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 15 Year Initial Lease Term
- 2023 Brand New Build-to-Suit Dollar General
- Store is Scheduled to Open in February 2023
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
DG PLUS STORE:
- 10,640 SF Building
- Larger Prototype with Additional Sales Floor Space
ROCKY GAP CASINO RESORT (6 MILES FROM SUBJECT PROPERTY):
- Opened in 2013
- $35 Million Casino
- 558 Slots, 10 Table Games
- 200 Hotel Rooms + Jack Nicklaus Signature Golf Course
PROXIMITY FROM FLINTSTONE, MARYLAND:
- Hagerstown, MD | 56 Miles
- Morgantown, WV | 85 Miles
- Washington, D.C. | 124 Miles
- Baltimore, MD | 124 Miles
- Pittsburgh, PA | 129 Miles
- Richmond, VA | 216 Miles
- Philadelphia, PA | 225 Miles
- Charleston, WV | 239 Miles
- Trenton, NJ | 244 Miles
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 19,000 Stores in 47 States as of January 28, 2023
- Ranked #106 on the Fortune 500 List