FAMILY DOLLAR | BALTIMORE, MARYLAND
INVESTMENT SUMMARY
Purchase Price
$2,267,638
Location
3432 Frederick Ave
Cap Rate
8.00%
Annual Rent
$181,411.08
Building Size
9,129 SF
Land Area
1.024 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
11 Years
LEASE EXPIRATION
03/31/2037
Renewal Options
RENT INCREASES
10% at Options
Parking
28 Spaces
Year Built
2016
APN
2244A002
Traffic Counts
13,222 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE LEASE:
- Approximately 11 Years of Guaranteed Lease Term
- 2016 Construction Build-to-Suit Family Dollar
- 9,129 SF Building | 1.024 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 - 196,100 VISITS:
- Nationwide (318 out of 6,334 Stores) = Top 6%
- Statewide (16 out of 86 Stores) = Top 18%
- 15-Mile Radius (7 out of 40 Stores) = Top 15%
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: 18,377 Residents | $61,171 Average Household Income
- 3-Mile: 183,943 Residents | $75,259 Average Household Income
- 5-Mile: 454,426 Residents | $92,700 Average Household Income

