521 Main StFederalsburg, MD 21632

For Sale
$2,224,812
High-yield NNN retail investment. 14.5 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fee-simple ownership of a 10,640 square foot Dollar General store located at 521 S Main St, Federalsburg, MD 21632. Built in 2024, this property boasts a brand-new 15-year Absolute NNN lease with five, 5-year renewal options, providing significant long-term stability for passive investors. The lease includes a 5% rent increase every five years throughout the base term and each renewal option, ensuring consistent income growth. The tenant, Dollar General, is a credit-rated, investment-grade corporate guarantor (BBB rating by Standard & Poor's), operating nearly 20,000 locations with $37.88B in 2023 revenue. The property features excellent visibility at a hard corner intersection and sits on a sizable 1.456-acre lot, offering potential for future redevelopment. The current Net Operating Income (NOI) is $147,950, resulting in a 6.65% cap rate. This Dollar General Plus store is a larger format, offering expanded product lines and higher sales volume than traditional locations. The property's location in Federalsburg, a community of less than 20,000 residents, aligns perfectly with Dollar General's target market, serving local residents with essential grocery and household items. The asking price is $2,224,812, translating to $209.10 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with substantial long-term potential. 100% occupancy.

Highlights

  • Brand new, 10,640 SF Dollar General Plus store, built in 2024, featuring an expanded product offering and proven high sales volume.
  • High-visibility corner location at South Main Street and Federalsburg Highway with prominent signage.
  • Lease features rare 5% rental increases every 5 years.
  • Investment-grade corporate guarantee from Dollar General (BBB rated by S&P).
  • 15-year Absolute NNN lease with five 5-year renewal options.
  • Excellent location in a strong Dollar General submarket serving a community with an average household income of $71,478 within a 5-mile radius.

Property Details for 521 Main St

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2024
Lot Size (sq. ft)
63,423,360 SF

Location Insight

City
Federalsburg
County
Caroline
State
Maryland
Latitude
38.6865104
Longitude
-75.7731481
521 Main St, Federalsburg, Maryland

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment. 14.5 years remaining.
Where is the retail property located?
The property is located at 521 Main St Federalsburg, MD.
What is the asking price?
The asking price for this property is $2,224,812.
What are key features of this property?
This property features: Brand new, 10,640 SF Dollar General Plus store, built in 2024, featuring an expanded product offering and proven high sales volume.; High-visibility corner location at South Main Street and Federalsburg Highway with prominent signage.; Lease features rare 5% rental increases every 5 years.
How can I contact the broker?
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521 Main St
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