Dollar General NNN
For Sale
Contact for pricing
1620 Pennsylvania Ave, Baltimore, MD 21217
Single-tenant retail investment with an exercised renewal option and more than two years remaining on the current lease term.
Property Size8,420 SF
Lot Size0.97 Acres
Days on Market143
Property Features for 1620 Pennsylvania Ave
General Information
Standard status
Active
Size
8,420 SF
Lot size
0.97 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2009
Buildings
1
Tenancy
Single
Listing Agency:
Cypress Property Advisors, LLC
(410) 999-1738
Listed By:
Michael Durst · License #MD 37642
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 2:10PM
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 Cypress Property Advisors, LLC
Investment Insights
Based on property information with market context.
This single-tenant NNN retail property includes an 8,420 SF building on a 42,166 SF site at 1620 Pennsylvania Ave in Baltimore. The store underwent a full renovation in 2009, and additional renovation work is currently underway. Dollar General occupies the building under a lease that began with a 10-year term; the first renewal option has been exercised, leaving over 2-years on the current term. Three additional 5-year renewal options remain, with 5% escalations beginning at the start of each renewal period.
The property is positioned in a densely populated urban area with over 50,000 residents within a 1-mile radius. Access is available to public transportation, North Avenue, Route 40, MLK Jr. Blvd, and major highways 70, I-95, I-83, 695, and 295. The Pennsylvania Avenue corridor is designated as a Maryland arts and entertainment district.
The property is positioned in a densely populated urban area with over 50,000 residents within a 1-mile radius. Access is available to public transportation, North Avenue, Route 40, MLK Jr. Blvd, and major highways 70, I-95, I-83, 695, and 295. The Pennsylvania Avenue corridor is designated as a Maryland arts and entertainment district.
Key Highlights
- 8,420 SF retail building on 42,166 SF of land
- Dollar General lease has over 2‑years remaining after exercise of the first renewal option
- Three 5‑year renewal options remain, with 5% escalations at each renewal term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,519
Businesses Nearby
Explore this area
Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant retail investment with an exercised renewal option and more than two years remaining on the current lease term.
Where is this nnn property located?
The property is located at 1620 Pennsylvania Ave Baltimore, MD.
What are key features of this property?
This property features: 8,420 SF retail building on 42,166 SF of land; Dollar General lease has over 2‑years remaining after exercise of the first renewal option; Three 5‑year renewal options remain, with 5% escalations at each renewal term
