4020 Frederick Ave - Storefront FOR SALE


Baltimore, MD 21229- Irvington
$4,200,000 USD
202-838-0153
4020 Frederick Ave, Baltimore, MD for Sale
$4,200,000 USD
Storefront - FOR SALE
1/2
null | 9.03% Cap Rate

4020 Frederick Ave
Baltimore, MD 21229
Irvington


OVERVIEW

100% leased 28,800 square foot retail center; four stable long-term triple-net tenants anchored by Dollar General (NYSE:DG). Immediate high-yield, long term stability and growing cash flow in high-barrier-to-entry infill location. Almost zero forward maintenance: fully renovated in 2022 for $1.9 million including new roofs with warranties, parking lot, HVAC, plumbing, electrical, canopy, signage, and interiors. Strong tenant base: Dollar General leased through 2032, recently expanded national Israelite Church (12 locations) through 2035. Historical ABH Pharmacy and Collins Beauty recently renewed. Dense urban location: 22,000 residents within 1 mile, 192,000 in 3 miles, 469,000 in 5 miles. Stable long-term cash flow with built-in rent increases. Easy ingress/egress at corner site with highly visible signage. Near Ascension Saint Agnes Hospital and Irvington neighborhood revitalization; new 54-unit residential complex (.4 miles), The Greens at Irvington Mews II (0.3 miles) 59 senior apartments, OASIS @ 240 community green space/urban agriculture project (0.4 miles). Baltimore City major economic drivers National and Social Security Administrations, the Baltimore Port national leader in automobile and break-bulk cargo, Under Armour, Harley-Davidson, FedEx, Exelon, Amazon, 24 colleges including Johns Hopkins University and Hospital. Major development 3,100-acre international trade and transportation hub Tradepoint Atlantic, $150 million renovation of CFG Bank Arena entertainment venue renovation, historic Penn Station revitalization with 1 million square feet of new space, Harbor Point waterfront community, Lexington Market, Pimlico Racetrack, and $1 Billion slated reimagining of Baltimore’s iconic Harborplace.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

9.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Collins Avenue Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

B2

APN/PARCEL ID

2539-030

ASK ABOUT THIS PROPERTY

Gil NeumanNeuman Commercial GroupMore Info
202-838-0153

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

Gil NeumanNeuman Commercial GroupMore Info
202-838-0153

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