Retail Space with Drive-Thru
For Sale
Contact for pricing
Pending
503 Dual Highway, Hagerstown, MD 21740
Rebuilt 2017 retail facility with a drive-thru on a signalized corner outparcel at an Aldi-anchored center.
Property Size2,715 SF
Days on Market81
Property Features for 503 Dual Highway
General Information
Standard status
Pending
Size
2,715 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1973
Year Renovated
2017
Tenancy
Single
Listing Agency:
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 19 at 6:47AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This offering includes a retail space that was rebuilt in 2017 at the tenant’s sole cost. The property also benefits from an added drive-thru component, located on a signalized corner outparcel tied to the existing development.
The retail facility is part of an Aldi-anchored center, and the drive-thru was added as part of an outparcel improvement. The public remarks also reference a below-market lease rate and the possibility of annual CPI-based increases.
For an investor or operator evaluating the asset’s income profile, the remarks note potential replacement rents that are $10 to $15 per square foot higher. The tenant space is described as having been rebuilt in 2017, and the drive-thru improvement reflects an emphasis on customer flow and convenient access for drive-in service. Please review lease terms and assumptions closely, as the stated CPI increase and replacement rent figures are presented in the offering remarks rather than as confirmed outcomes.
The retail facility is part of an Aldi-anchored center, and the drive-thru was added as part of an outparcel improvement. The public remarks also reference a below-market lease rate and the possibility of annual CPI-based increases.
For an investor or operator evaluating the asset’s income profile, the remarks note potential replacement rents that are $10 to $15 per square foot higher. The tenant space is described as having been rebuilt in 2017, and the drive-thru improvement reflects an emphasis on customer flow and convenient access for drive-in service. Please review lease terms and assumptions closely, as the stated CPI increase and replacement rent figures are presented in the offering remarks rather than as confirmed outcomes.
Key Highlights
- Retail facility originally built in 1973 and rebuilt in 2017 by the tenant at its sole cost.
- Drive‑thru available on a signalized corner outparcel.
- Located at an Aldi‑anchored center.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 20%
Groceries 19%
Apparel 5%
McDonald's
Dining
20,434 visits/mo
0.2 miles
Taco Bell
Dining
14,622 visits/mo
0.1 miles
Lidl
Groceries
12,742 visits/mo
0.3 miles
Burger King
Dining
10,541 visits/mo
0.1 miles
Aldi
Groceries
9,001 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Retail space - Rebuilt 2017 retail facility with a drive-thru on a signalized corner outparcel at an Aldi-anchored center.
Where is this retail space located?
The property is located at 503 Dual Highway Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,135,687.
What are key features of this property?
This property features: Retail facility originally built in 1973 and rebuilt in 2017 by the tenant at its sole cost.; Drive‑thru available on a signalized corner outparcel.; Located at an Aldi‑anchored center.
