Building Details

Year Built 1998

Year Renovated 2018

Tenancy Single

Listing Agency: Marcus & Millichap - Washington, D.C.

Listed By: Dean Zang · License #MD 665335 Show Phone

Source: Crexi

Added: Jun 2 Changed: Aug 8 Last Checked: Jul 24 at 12:48PM

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Investment Insights

Based on property information with market context.

This absolute NNN retail property is supported by a lease with 12 years remaining and annual CPI increases of 1.76%. The site is built on a 1.76-acre parcel and features interstate pylon signage, offering a dedicated presence for the operating business. The property was fully remodeled in 2018.

The location is directly off an I-81 interchange, with signage positioned for interstate visibility. Public remarks also cite 73,080 VPD and Placer.ai data indicating the site is within the top 11% of the entire chain.

For buyers seeking an institutional-style, net-leased retail asset, the combination of a remaining lease term and CPI-based annual increases is a core consideration. The operator is described as an experienced franchisee with 475+ units, and the property is presented as a fully remodeled asset intended to support ongoing retail operations under an absolute NNN structure.

Key Highlights

• Absolute NNN retail lease with 12 years remaining
• Annual CPI increases on lease
• 1.76‑acre parcel with interstate pylon signage directly off the I‑81 interchange

Property Analytics

Property Profile

Current Use

Burger King Restaurant

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Restaurant Garden Center Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

73,080 VPD

Traffic count

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

236

Businesses Nearby

96k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 83% Shops & Services 13% Hotels & Casinos 4%

McDonald's Dining

30,538 visits/mo 0.3 miles

Dunkin' Donuts Dining

14,919 visits/mo 0.1 miles

Taco Bell Dining

14,400 visits/mo 0.4 miles

Burger King Dining

9,663 visits/mo 0.1 miles

Waffle House Dining

7,858 visits/mo 0.3 miles

Demographics for 21740, MD

65,619

Population

27,002

Households

2.4

Avg Household Size

39

Median Age

20%

College-Educated

86%

High-School Grad

70.9 sq mi

ZIP Area

926

Density / Sq Mi

$59,410

Median Household Income

$42,159

Median Earnings

$1,031

Median Rent

$241,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Absolute NNN retail property on 1.76-acre parcel with interstate pylon signage and remodeled 2018 improvements.

Where is this nnn property located?

The property is located at 18234 Maugans Ave Hagerstown, MD.

What is the asking price?

The asking price for this property is $2,028,819.

What are key features of this property?

This property features: Absolute NNN retail lease with 12 years remaining; Annual CPI increases on lease; 1.76‑acre parcel with interstate pylon signage directly off the I‑81 interchange