Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21179 Three Notch Rd Lexington Park, MD 20653

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,970,588

    Single tenant Dollar General with zero landlord responsibilities.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 25 at 10:25 pm

    Property Features for 21179 Three Notch Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    Joe Shamoun

    Listing agent Joe Shamoun

    Listing office

    Listing date Mar 6, 2026

    Source Legacycrea

    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 Joe Shamoun

    Overview

    Freestanding Dollar General in Lexington

    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.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Department Store Food Market Bar & Pub Garden Center Grocery & Convenience Store Daycare Center Bakery Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Commissary — 22155 Cuddihy Rd building 2173, Patuxent River, MD 20670

    Location Insight

    • Map
    • Local Demand
    City
    Lexington Park
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.4267
    Latitude
    38.2486

    Nearby Similar for Sale

    • $399,000

      Restaurant in Lexington Village Center

      Highly-rated Korean & Japanese restaurant for sale near NAS Patuxent.
      46300 LEXINGTON VILLAGE Way, LEXINGTON PARK, MD 20653
      View Details
    • $399,000

      Restaurant in Lexington Village Center

      Highly-rated Korean & Japanese restaurant for sale near NAS Patuxent.
      46300 LEXINGTON VILLAGE Way, LEXINGTON PARK, MD 20653
      View Details
    • $2,380,000

      Former Car Dealership on 4.12 Acres

      24,000 SF property on 4.12 acres in Lexington Park, MD
      21575 GREAT MILLS Road, LEXINGTON PARK, MD 20653
      View Details
    • Contact for pricing
      2,530 SF

      Former QSR Building with Drive-Thru

      2,530 SF former QSR building with drive-thru on 0.85 acres.
      21650 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • $7,424,380
      5,000 SF

      New Restaurant with Gas Pumps

      New construction restaurant with gas pumps and long-term corporate lease.
      22606 Three Notch Rd, Lexington Park, MD 20653
      View Details

    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
    (248) 728-4833
    We can help!
    Listing Contact
    Joe Shamoun
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!