SEC Glendale Road & Garrett Highway - Freestanding FOR SALE


Oakland, MD 21550
$2,759,238 USD
202-847-4200
SEC Glendale Road & Garrett Highway, Oakland, MD for Sale
$2,759,238 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

SEC Glendale Road & Garrett Highway
Oakland, MD 21550


HIGHLIGHTS

  • New Construction
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Limited Competition
  • Recession Resistant Tenant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Dollar General Market investment property located at the southeast corner of Glendal Road and Garrett Highway in Oakland, Maryland (the “Property”). The new construction Dollar General Market has a 15-year Absolute NNN Lease with five (5), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option. The new construction Property is situated at the southeast corner of Glendale Road and Garrett Highway (US Highway 219), the area’s primary commercial and commuter corridor. The Property is adjacent to a new construction Royal Farms gas station and convenience store, across the street from McDonald’s, and is seconds from Deep Creek Lake and Deep Creek Lake State Park, two of the area’s largest draws for residents and visitors alike. Located eight miles north of Downtown Oakland, Dollar General Market is ideally positioned to take advantage of an underserved trade area with limited shopping options. The Property is convenient to several Lodges and Inns and is 6-miles from Garret College and Wisp Resort. Oakland, nestled in the Allegheny Mountains, serves as the county seat of Garrett County and is approximately 40 miles west of Cumberland, MD and 45 miles east of Morgantown, WV.

FOR SALE DETAILS

PRICE

$2,759,238 USD

PRICE/SF

$218 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

-

APN/PARCEL ID

-

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 Policy.