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FAMILY DOLLAR | BALTIMORE, MARYLAND

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
Six (6) - Five (5) Year
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

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