FAMILY DOLLAR | BALTIMORE, MARYLAND



INVESTMENT SUMMARY

Purchase Price
$2,418,814

Location
3432 Frederick Ave

Cap Rate
7.50%

Annual Rent
$181,411.08

Building Size
9,200 SF

Land Area
1.017 Acres

Ownership
Fee Simple

Lease Type
NNN

Term Remainning
7 Years

LEASE EXPIRATION
03/31/2032

Renewal Options

RENT INCREASES
10% in Year 11 (April 2027) & 10% at Options

Parking
25 Spaces

Year Built
2016

APN
20-04-2244A-002

Traffic Counts
13,222 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE LEASE:
- Approximately 7 Years of Guaranteed Lease Term Remaining
- 2016 Construction Build-to-Suit Family Dollar
- 9,200 SF Building | 1.017 Acre Parcel
- Six (6) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE | A TRUE COUPON CLIPPER:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses and Insurance
- Tenant Pays Property Taxes Directly to the Taxing Authority
STRONG PLACER AI DATA - 172,100 VISITS:
- Nationwide (567 out of 6,479 Stores) = Top 9%
- Statewide (23 out of 89 Stores) = Top 25%
- 15-Mile Radius (12 out of 42 Stores) = Top 27%
PROXIMITY FROM BALTIMORE:
- Washington, D.C. | 37 Miles
- Wilmington, DE | 76 Miles
- Harrisburg, PA | 82 Miles
- Philadelphia, PA | 108 Miles
- Newark, NJ | 185 Miles
- New York City | 194 Miles
UNIVERSITY OF MARYLAND, BALTIMORE COUNTY:
- Located 3.3 Miles from the Subject Property
- #144 Best National University - U.S. News World Report
- #74 Best Public University - U.S. News World Report
- Total Enrollment = 13,906 Residents
M&T BANK STADIUM (BALTIMORE RAVENS):
- Located 3.9 Miles from the Subject Property
- Currently Undergoing a Multi-Year Project to Enhance the Stadium
- The Ravens Are Using a Projected $430 Million of the $600 Million of State Funds Allotted for Stadium Improvements
- The Funds Came with the Renewal of the Ravens' Lease Through the 2037 Season
CAMDEN YARDS (BALTIMORE ORIOLES):
- Located 3.3 Miles from the Subject Property
- The Team Recently (2023) Extended Their Lease at Camden Yards for 30 Years
- The Finalization of the New Lease Deal Unlocks $600 Million to Fund Upgrades to the Ballpark
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 18,021 Residents | $55,840 Average Household Income
- 3-Mile: 182,434 Residents | $72,416 Average Household Income
- 5-Mile: 450,204 Residents | $90,876 Average Household Income