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Dollar General | Federalsburg MD 521 S Main St

10,640 SF Retail Building Federalsburg, MD 21632 $2,224,812 ($209/SF) 6.65% Cap Rate

Retail Buildings Maryland Federalsburg 521 S Main St, Federalsburg, MD 21632

Investment Highlights

  • This 10,640 SF Dollar General Plus property was a Build-to-Suit construction for Dollar General in 2024.
  • The lease is corporately guaranteed by Dollar General, an investment grade credit tenant rated BBB by Standard & Poor’s.
  • IDEAL DG SUBMARKET | 70% of Dollar General stores cater to communities like Federalsburg of less than 20,000 residents.
  • Rare 5% rental increases every 5 years throughout the base term of the lease and all option periods.
  • Dollar General is operating on a brand new 15-year Absolute NNN lease with five, 5-year renewal options.
  • Property sits on a large 1.456 acre parcel that can potentially be redeveloped should the current tenant ever vacate.

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 10,640 square foot Dollar General Plus property located in Federalsburg, Caroline County, Maryland. This Dollar General is operating on a brand new 15-year Absolute NNN lease with five, 5-year renewal options, making this an ideal investment for the passive investor. The lease features 5% rent increases every 5 years throughout the base term and in each of five options to renew. This is corporately guaranteed by Dollar General, an investment grade credit tenant rated BBB by Standard & Poor’s with nearly 20,000 locations and 2023 revenue of $37.88B.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$2,224,812
Price Per SF
$209
Cap Rate
6.65%
NOI
$147,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
1.45 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C1 - Commercial

Links

1 of 1
(484) 567-2340

  • Listing ID: 32615959

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: 521 S Main St, Federalsburg, MD 21632

More public record information on 521 S Main St, Federalsburg, MD 21632

The Retail Property at 521 S Main St, Federalsburg, MD 21632 is currently available For Sale. Contact CBRE, Inc. for more information.

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521 S Main St, Federalsburg, MD for sale Primary Photo- Image 1 of 5
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521 S Main St, Federalsburg, MD for sale Building Photo- Image 2 of 5
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521 S Main St, Federalsburg, MD for sale Building Photo- Image 3 of 5
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521 S Main St, Federalsburg, MD for sale Building Photo- Image 4 of 5
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Dollar General | Federalsburg MD | 521 S Main St
(484) 567-2340 x

Dollar General | Federalsburg MD | 521 S Main St

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Matthew Gorman

(484) 567-2340

(484) 567-2340

Thomas Finnegan

(610) 945-7643

(610) 945-7643

Michael Shover

(484) 567-2344

(484) 567-2344

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