Absolute NNN Retail
For Sale
Contact for pricing
1106 W Patrick St, Frederick, MD 21703
AutoZone occupies the site under an absolute NNN lease with a recently extended long-term term and renewal options.
Property Size8,972 SF
Price / SF$417.63
Days on Market160
Property Features for 1106 W Patrick St
General Information
Standard status
Active
Size
8,972 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$177,984
Building Details
Year Built
1989
Year Renovated
2014
Tenancy
Single
Listing Agency:
JTU Net Lease Group
Listed By:
Jordan Uttal · License #CA 01512755
Source:
Crexi
Added: Mar 25
Changed: Aug 29
Last Checked: Aug 29 at 8:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JTU Net Lease Group
Investment Insights
Based on property information with market context.
This 8,972-square-foot retail property at 1106 W Patrick St in Frederick, Maryland, is occupied by AutoZone under an absolute NNN ground lease. The store has operated at the location since 2014, and the tenant recently completed a 15-year lease extension with six 5-year renewal options. Contractual rent increases include a 6% adjustment in 2029 and 8% increases at the start of each option period. The lease places zero landlord responsibilities on the property owner.
The building is positioned at the signalized intersection of W Patrick Street and Hillcrest Drive, with direct frontage along US Highway 15, which averages more than 103,500 vehicles per day. Hillcrest Center Shopping Center, a 90,000+ SF center anchored by Aldi, Dollar Tree, and Planet Fitness, is within walking distance. Westridge Square Shopping Center, totaling 200,000+ SF and featuring Burlington, H Mart, and other national retailers, is directly across the street. Additional nearby operators include Home Depot, Harbor Freight, Petco, Starbucks, McDonald's, 7-Eleven, and Dunkin'.
The building is positioned at the signalized intersection of W Patrick Street and Hillcrest Drive, with direct frontage along US Highway 15, which averages more than 103,500 vehicles per day. Hillcrest Center Shopping Center, a 90,000+ SF center anchored by Aldi, Dollar Tree, and Planet Fitness, is within walking distance. Westridge Square Shopping Center, totaling 200,000+ SF and featuring Burlington, H Mart, and other national retailers, is directly across the street. Additional nearby operators include Home Depot, Harbor Freight, Petco, Starbucks, McDonald's, 7-Eleven, and Dunkin'.
Key Highlights
- 8,972‑square‑foot retail property at 1106 W Patrick St, Frederick, Maryland
- Absolute NNN ground lease with zero landlord responsibilities
- 15‑year lease extension plus six 5‑year renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
653k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 30%
Groceries 18%
Home Improvements & Furnishings 9%
H Mart
Groceries
49,709 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
43,552 visits/mo
0.5 miles
Wawa
Shops & Services
43,299 visits/mo
0.5 miles
Giant Eagle Supermarket
Groceries
32,195 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
26,896 visits/mo
0.3 miles
Demographics for 21703, MD
41,138
Population
15,773
Households
2.6
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
32.0 sq mi
ZIP Area
1,286
Density / Sq Mi
$105,293
Median Household Income
$56,791
Median Earnings
$1,887
Median Rent
$364,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - AutoZone occupies the site under an absolute NNN lease with a recently extended long-term term and renewal options.
Where is this nnn property located?
The property is located at 1106 W Patrick St Frederick, MD.
What is the asking price?
The asking price for this property is $3,747,000.
What are key features of this property?
This property features: 8,972‑square‑foot retail property at 1106 W Patrick St, Frederick, Maryland; Absolute NNN ground lease with zero landlord responsibilities; 15‑year lease extension plus six 5‑year renewal options
