5420 Urbana Pike Frederick, MD 21704
Property Lookup
Property profile & analytics
5420 Urbana Pike Frederick, MD 21704
- Drug stores
- 3,798 SF
- 0.70 lot acres
Property ID
US40-0313656
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Gene's Frederick Florist & Gift Baskets / (Bike/Boat/Book/etc) Store / Florist
Property Details for 5420 Urbana Pike
- Year built
- 2022
- Construction
- BRICK
- Lot size
- 0.70 lot acres
- Property size
- 3,798 SF
- Zone code
- GC
- Property type
- Drug stores
- APN
- 28-539576
- APU
- 28539576
Description
This exceptional investment opportunity presents a 3,699 square foot, single-tenant, fee-simple Curaleaf dispensary located at 5420 Urbana Pike, Frederick, MD 21704. The property boasts a 15-year net lease (NNN) with 13.8 years remaining, commencing October 1, 2022, and expiring September 30, 2037. The lease includes two 10-year renewal options and features a 3% annual rent increase, providing a hedge against inflation. The property enjoys a prominent location on Urbana Pike, sharing a hard-corner intersection with major national retailers such as Starbucks, Wawa, Chick-fil-A, Home Depot, and Target. Four of the top ten national retailers are within one mile. Curaleaf, a leading national cannabis operator with over 140 stores in 17 states, is the tenant. The property's strong financials include a $5,340,000 asking price, a 6.80% cap rate, and a net operating income (NOI) of $362,943. Built in 2022, this 1-story building sits on a 0.69-acre lot and is zoned GC. The property benefits from the recent legalization of recreational cannabis in Maryland, which has significantly boosted sales in the state. This investment offers a secure, passive income stream with significant long-term growth potential. The corporate guarantee provides additional security for the investor. The property is 100% occupied.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.4005
- Latitude
- 39.3812
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,030
$0.00
$0.00
$1,175,733
-
$548,800
$645,100
$1,193,900
