21179 Three Notch Rd Lexington Park, MD 20653

Building Details

Year Built

2022

Listing agency Legacy Real Estate j***@legacycrea.com Show Phone

Listed by Joe Shamoun · License ##6501439800

Source Legacycrea

Added: Mar 6 Updated: Jul 6 at 10:51AM Checked: Jul 19 at 3:05AM

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Investment Insights

Based on property information with market context.

This is a single tenant freestanding Dollar General located in Lexington Park, Maryland, featuring an absolute NNN lease structure, meaning zero landlord responsibilities. The surrounding community is affluent, with an average household income exceeding $106,500 annually within a 3-mile radius. The location is strategically situated directly along Three Notch Road, which experiences over 10,000 vehicles passing the site daily. The surrounding demographics show that over 21,000 people reside within 3 miles of the site. The area is projected to have a +4.67% population growth through the years 2022-2027 within a 3-mile radius of the site. Dollar General holds an investment-grade credit rating of "BBB" with S&P and has a positive/stable outlook. Dollar General's store count increases year over year, further strengthening the corporate guaranty. As an essential retailer, this tenancy is pandemic and recession-resistant.

Key Highlights

• Absolute NNN Lease Structure - Zero Landlord Responsibilities
• Investment Grade Credit Rating of "BBB" With S&P and a Positive/Stable Outlook
• Essential Retailer - Pandemic and Recession Resistant Tenancy

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FAQs

What type of property is this?

Grocery and convenience store - Single tenant Dollar General with zero landlord responsibilities.

Where is this grocery and convenience store located?

The property is located at 21179 Three Notch Rd Lexington Park, MD.

What is the asking price?

The asking price for this property is $1,970,588.

What are key features of this property?

This property features: Absolute NNN Lease Structure - Zero Landlord Responsibilities; Investment Grade Credit Rating of "BBB" With S&P and a Positive/Stable Outlook; Essential Retailer - Pandemic and Recession Resistant Tenancy