21044 Frederick Rd - Medical FOR SALE


Germantown, MD 20876
$5,523,810 USD
703-783-6151
21044 Frederick Rd, Germantown, MD for Sale
$5,523,810 USD
Medical - FOR SALE
1/2
null | 5.25% Cap Rate

21044 Frederick Rd
Germantown, MD 20876


OVERVIEW

Investment Highlights Ultra Rare Montgomery County MD Real Estate in Largest City in the County | Montgomery County is a highly affluent, in-demand, and high barrier to entry suburb just outside of Washington, DC. Montgomery County consistently ranks in the top nationally for median income and is ranked #3 in the State of Maryland. The property is located in Germantown, which is the largest city in the County and the 3rd largest in the State, with a growing population of over 90,000 residents. Pad Site to Top-Ranked Milestone Center | The property is a pad site in the Milestone Center, which per Placer.ai, ranks #1 in the State of Maryland and top 10% Nationally for number of visitors annually, at over 10 Million. The center consists of over 860,000 sq. ft. of retail on nearly 150 acres, and is home to a top ranking Walmart (top 1% in US Placer.ai), top ranking Home Depot (top 3% in US per Placer.ai), Target, TJ Maxx, DSW, Best Buy, Kohl's, Giant, and Aldi. A Wegman's anchored shopping center is also adjacent to the Milestone Center offering a large dynamic collection of premier retailers all located in one area. Premier Medical Tenant in the Mid-Atlantic Region | Patient First is a privately held regional chain of urgent care centers throughout the Mid- Atlantic region. The company opened it's first medical center in 1981 in the Richmond, VA market and has since grown to nearly 80 locations today, making it one of the top 10 largest urgent care providers in the country. Ideal Positioning Within the Germantown Sub-Market | The property benefits from being part of the Milestone Center, which is conveniently and strategically located on the corner of 2 major roadways, Route 355 (Frederick Rd aka Rockville Pike) with nearly 30k average vehicles per day and Route 27 (Father Hurley Blvd/Ridge Road) with over 35k average vehicles per day, just off an exit to I-270. The surrounding area consists of single family homes, townhomes, and apartments. Superior Demographics | The property benefits from very strong demographics with a population of over 200,000 along with an average household income of over $125k and a median household income of over $100k within a 5-mile radius.

FOR SALE DETAILS

PRICE

$5,523,810 USD

PRICE/SF

$890 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patient First Primary and Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

CRT2.

APN/PARCEL ID

02-03148118

ASK ABOUT THIS PROPERTY

David WeberSurmountMore Info
703-783-6151

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David WeberSurmountMore Info
703-783-6151

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