317 Diamond Ave, Gaithersburg, MD 20877-3093

This exceptional 34,553 square foot shopping center and storefront property in Gaithersburg, Maryland, presents a compelling investment opportunity. Located at 317 E Diamond Ave, 20877, this fee-simple owned asset boasts a 100% occupancy rate across seven diverse tenants, ensuring a stable income stream. The property features 53 parking spaces and sits on a one-acre lot, providing ample convenience for both tenants and customers. With a current Net Operating Income (NOI) of $564,990 and an attractive 7.75% cap rate, this investment offers immediate returns. The asking price is $7,290,200, and the weighted average lease term (WALT) exceeds 5 years, with rent bumps included in the lease agreements. This multi-tenant retail property benefits from its prime location near major thoroughfares like I-270 and Route 355, as well as proximity to the Gaithersburg Train Station and numerous multifamily complexes, ensuring high foot traffic and visibility. The property's established presence within the bustling Olde Town community, a hub for seasonal events, further enhances its appeal. This well-maintained property offers both immediate income generation and potential for future redevelopment, capitalizing on Gaithersburg's continued growth. The property is offered on a triple net (NN) lease structure.