521 Main St Federalsburg, MD 21632
- Retail properties
- 10,640 SF
- 1,456.00 lot acres
Current Use by Public Records
- Dollar General / Discount Store / Drug Store
Property Details for 521 Main St
- Year built
- 2024
- Lot size
- 1,456.00 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,640 square foot Dollar General store located at 521 S Main St, Federalsburg, MD 21632. Built in 2024, this property boasts a brand-new 15-year Absolute NNN lease with five, 5-year renewal options, providing significant long-term stability for passive investors. The lease includes a 5% rent increase every five years throughout the base term and each renewal option, ensuring consistent income growth. The tenant, Dollar General, is a credit-rated, investment-grade corporate guarantor (BBB rating by Standard & Poor's), operating nearly 20,000 locations with $37.88B in 2023 revenue. The property features excellent visibility at a hard corner intersection and sits on a sizable 1.456-acre lot, offering potential for future redevelopment. The current Net Operating Income (NOI) is $147,950, resulting in a 6.65% cap rate. This Dollar General Plus store is a larger format, offering expanded product lines and higher sales volume than traditional locations. The property's location in Federalsburg, a community of less than 20,000 residents, aligns perfectly with Dollar General's target market, serving local residents with essential grocery and household items. The asking price is $2,224,812, translating to $209.10 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with substantial long-term potential. 100% occupancy.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Federalsburg
- County
- Caroline
- State
- Maryland
- Longitude
- -75.7731
- Latitude
- 38.6865
