10860 Market Ln Princess Anne, MD 21853-2914
- Outlet malls
- 12,833 SF
- 3.54 lot acres
Jul 21, 2025
Current Use by Public Records
- dg market / Grocery Store / Convenience Store
Property Details for 10860 Market Ln
- Year built
- 2024
- Lot size
- 3.54 lot acres
- Property size
- 12,833 SF
- Zone code
- C-1
- Property type
- Outlet malls
- APN
- 01-167279
- APU
- 1167279
Description
This exceptional investment opportunity presents a 12,592 square foot Dollar General store in Princess Anne, Maryland. Built in 2024, the property boasts a brand new 15-year absolute NNN lease with five, 5-year renewal options, each including a 10% rent increase. The lease is corporately guaranteed by Dollar General, a credit-rated tenant (BBB by Standard & Poor's) with a substantial national presence. Situated on a large 3.54-acre lot, this property offers significant redevelopment potential. The store benefits from high visibility on Market Lane, near Ocean Highway (23,492 vehicles per day), and enjoys proximity to a 90-unit apartment complex, a 50-room Econo Lodge, and Washington High School & Academy. The location is also convenient to the University of Maryland Eastern Shore, serving a population with an average household income of $57,450 within a 5-mile radius. This larger-format DG Market store offers fresh produce, meat, and dairy, catering to the local community's needs. The property's strong tenant, long-term lease, and substantial lot size make it an attractive investment with a 6.50% cap rate and a current NOI of $154,940. The asking price is $2,383,704, translating to $189.30 per square foot. This is a fee-simple ownership opportunity with 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
- Princess Anne
- County
- Somerset
- State
- Maryland
- Longitude
- -75.6911
- Latitude
- 38.1795
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
