521 S Main St - Freestanding FOR SALE


Federalsburg, MD 21632
$2,224,812 USD
484-567-2340
521 S Main St, Federalsburg, MD for Sale
$2,224,812 USD
Freestanding - FOR SALE
1/4
null | 6.65% Cap Rate

521 S Main St
Federalsburg, MD 21632


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,224,812 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Federalsburg MD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C1

APN/PARCEL ID

05-024048

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
484-567-2340

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Matthew GormanCBRE, Inc.More Info
484-567-2340

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.