4064 Norrisville Rd, Jarrettsville, MD 21084-1427

This Jarrettsville, MD retail property offers a compelling investment opportunity. The 9,320 square foot building, constructed in 1997 and renovated in 2014, sits on a 0.83-acre lot and is currently 100% occupied by a Dollar General store under a Net Net + (NN+) lease. The lease, originally commencing April 3, 2014, has a remaining term of 4.9 years, with five, 5-year options including 10% rent bumps. The property boasts a strong 8.50% cap rate and a substantial NOI of $146,929. The tenant, Dollar General, is credit-rated with a corporate guarantee, minimizing landlord responsibilities. Located at 4064 Norrisville Rd, Jarrettsville, MD 21084, this single-story building benefits from a high-density market and limited local competition, situated less than 30 miles from Baltimore. The property's upgraded concrete-block construction provides a solid foundation. The average household income in Jarrettsville is $191,942, supporting a robust customer base. Dollar General's recent lease extension in 2020 underscores the site's success and the tenant's commitment. The asking price is $1,728,572, translating to $185.47 per square foot. The property is zoned commercial.