429 Solomons Island Rd N - Convenience Store FOR SALE


Prince Frederick, MD 20678
$5,392,157 USD
202-847-4200
429 Solomons Island Rd N, Prince Frederick, MD for Sale
$5,392,157 USD
Convenience Store - FOR SALE
1/5
null | 5.1% Cap Rate

429 Solomons Island Rd N
Prince Frederick, MD 20678


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Ground Lease
  • 2% Annual Increases
  • Zero Landlord Responsibilities
  • Rare SMO, Inc Guaranty
  • Premier Signalized Corner in Prince Frederick
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Dash In ground lease located at 429 Solomons Island Road N in Prince Frederick, Maryland (“the Property”). The new construction fuel station and convenience store has a 20-year Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease includes for attractive 2% annual rent increases throughout the primary lease term and the renewal options. The newly constructed Dash In is ideally positioned within Armory Square, Prince Frederick’s newest retail development on Solomons Island Road, the area’s primary north–south commercial corridor. The Property benefits from excellent frontage, visibility, and access at the signalized intersection serving the shopping center, which attracts steady traffic throughout the day from both local residents and regional commuters. Armory Square and the surrounding trade area feature a mix of national and regional retailers that benefit from proximity to CalvertHealth Medical Center, a major employer and traffic driver for the region. Located in the County Seat, in the heart of Calvert County, approximately 40 miles southeast of Washington, D.C., the site enjoys affluent demographics and a thriving retail environment that supports long-term growth and performance.

FOR SALE DETAILS

PRICE

$5,392,157 USD

PRICE/SF

$1,552 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dash In

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.23 AC

LAND SF

576,299 SF

ZONING

TC

APN/PARCEL ID

02-035499

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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