Property is currently leased to a long-term tenant, offering stable income from day one. However, if you’re not seeking a lease in place, ownership is negotiable — potential for vacant delivery available upon discussion. This makes 340 Maple ideal for both investors seeking immediate cash flow and owner-users looking for a unique commercial opportunity in the heart of Frederick.
Lease Structure: Modified Gross lease. Tenant is responsible for all utilities, interior maintenance, ground maintenance, snow removal, trash service, and operational expenses. Landlord is responsible for property taxes, property insurance, and structural components including roof, foundation, and exterior walls.
Financials: 2026 in-place NOI of approximately $97,950 with an in-place CAP rate of approximately 7.84%, based on current contractual rent and seller-provided expense information. Financials reflect an active lease with scheduled rent increases. Buyer to independently verify all financial information.
Lease Term: Active lease through March 31, 2029 with built-in rent escalations.