5013 York Rd Baltimore, MD 21212-4438
- Retail space
- 9,028 SF
- 0.24 lot acres
Current Use by Public Records
- Dollar Tree / Craft Store / Discount Store
Property Details for 5013 York Rd
- Year built
- 1945
- Construction
- BRICK
- Lot size
- 0.24 lot acres
- Property size
- 9,028 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 27-47-5180A-028
- APU
- 27475180A028
Description
This exceptional net-lease retail investment opportunity presents a 0.57-acre property in Baltimore, MD, housing a Dollar Tree store. Built in 2019, the property boasts a 100% occupancy rate with a strong, credit-rated corporate guarantee from Dollar Tree, a leading discount retailer. The lease, commencing October 29, 2019, has a remaining term of 5.5 years, with three 5-year options including rent bumps of $9,273 ($1 PSF) per option. The property generates a substantial NOI of $155,786, resulting in an attractive 8% cap rate. The asking price is $1,947,330. Located at 5013 York Rd, Baltimore, MD 21212, this property benefits from a high-traffic location with over 19,000 vehicles passing daily and a dense population of 570,000 residents within a 5-mile radius, boasting an average household income of $131,416. The property's proximity to Loyola University Maryland (approx. 13,977 students) and other national retailers like McDonald's, 7-Eleven, Chick-fil-A, Starbucks, CVS, Wendy's, AutoZone, and Staples further enhances its desirability. Dollar Tree's proven resilience and market position, coupled with the favorable lease terms and strong demographics, make this a compelling investment prospect.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,215,000
- 6.5%
- $2,285,000
- 7%
- $2,165,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,180,000
- Geo Method
- $2,545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,090,000
- Retail
- $2,155,000
- Mixed-Use
- $2,060,000
- Hospitality
- $2,305,000
- Educational
- $1,940,000
- Residential Income
- $2,255,000
- Energy
- $2,610,000
- Income-Based Land
- $1,930,000
- Food Service
- $2,455,000
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6093
- Latitude
- 39.3496
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
