1328 W Patrick St - Freestanding FOR SALE


Frederick, MD 21703
$1,765,000 USD
202-286-1542
1328 W Patrick St, Frederick, MD for Sale
$1,765,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

1328 W Patrick St
Frederick, MD 21703


HIGHLIGHTS

  • 7+ Years Remaining | Annual Rental Increases | Recent Extension
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Interstate 70 | Excellent Visibility & Access
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has 7 years remaining after just recently extend their lease, demonstrating their commitment to the site • The lease features 3% annual rental increases throughout the initial term, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,765,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tobacco Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

GC

APN/PARCEL ID

02-083884

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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