FAMILY DOLLAR | BALTIMORE, MARYLAND
INVESTMENT SUMMARY
Purchase Price
$1,910,000
Location
5100 Liberty Heights Ave
Cap Rate
7.34%
Annual Rent
$140,250.00
Building Size
8,050 SF
Land Area
0.58 Acres (25,523 SF)
Ownership
Fee Simple
Lease Type
NN+
Term Remainning
6.33 Years
LEASE EXPIRATION
01/31/2027
Renewal Options
RENT INCREASES
10% at Options
Parking
21 Spaces
Year Built
2012
APN
28-02-8257-002
Traffic Counts
30,605 VPD
INVESTMENT HIGHLIGHTS
FAMILY DOLLAR CORPORATE GUARANTEED LEASE:
- 6.33 Years Remaining in the Current Term
- 2012 Construction - 8,050 SF
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
RECENT LEASE EXTENSION | RECENT "H2" STORE REMODEL:
- In August 2020, Tenant Extended the Lease Early through January 31, 2027
- Tenant Recently Completed the "H2" Remodel of the Property (Investment of Approximately $150,000 by Tenant)
NN+ LEASE | MINIMAL LANDLORD RESPONSIBILITIES:
- Landlord Responsibilities Limited to Roof & Parking Lot
- Tenant is Responsible for Repair & Replacement of HVAC Units
- Tenant is Responsible for Lawn and Landscape Maintenance Including Mowing, Snow/Ice Removal, Trash Removal, Repairing Parking Area Lights and Restriping the Parking Lot
- Tenant is Responsible for Up to $2,533 Per Year for Asphalt/Concrete Repairs Made to the Parking, Service & Access Areas (This Cap Increases by 3% Every Lease Year)
- Tenant Reimburses Property Taxes in Full - Tenant Pays Landlord 1/12 of the Prior Year Amount Each Month and Reconciles in Full With Landlord at the End of the Year
- Tenant Reimburses Property Insurance in Full - Tenant Pays Landlord 1/12 of the Prior Year Amount Each Month and Reconciles in Full with Landlord at the End of the Year
RARE CORPORATE GUARANTEE - FAMILY DOLLAR STORES, INC.:
- Lease is Guaranteed by Family Dollar Stores, Inc.
- The Majority of New Family Dollar Leases are Only Guaranteed by a Subsidiary of Family Dollar Stores, Inc. - No Longer the Parent Company
PROXIMITY TO OTHER MAJOR CITIES:
- Washington DC | 38 Miles
- Manassas, Virginia | 69 Miles
- Dover, Delaware | 91 Miles
- Philadelphia, Pennsylvania | 101 Miles
- Richmond, Virginia | 147 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 17,012 Residents
- 1-Mile Average Household Income = $70,734
- 3-Mile Population = 168,387 Residents
- 3-Mile Average Household Income = $72,015
- 5-Mile Population = 441,409 Residents
- 5-Mile Average Household Income = $82,835