For Sale
$4,188,000
1106 Patrick St Frederick, MD 21703
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Absolute NNN ground lease; zero landlord responsibilities.
- 15-year initial term with six 5-year renewal options.
- Rent increases 6% after year 6, then 8% at each option period.
- Strategically located with over 2.2 MSF of retail within 1 mile.
- Corporate lease with AutoZone (BBB credit rating), operating over 7,100 locations, and $17.457B in 2023 revenue.
- Excellent demographics: Frederick County is Maryland's fastest-growing county, with over 134,000 residents within a 5-mile radius and an average household income exceeding $100K within 1, 3, and 5-mile radii.
Property Details for 1106 Patrick St
- Property type
- Retail properties, Auto shops
- Square Feet
- 8,972 SF
- Class
- A
- Year Built/Renovated
- 1989/2024
- Lot Size (sq. ft)
- 50,094 SF
Location Insight
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Latitude
- 39.417343960113
- Longitude
- -77.446986618749
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 1106 Patrick St Frederick, MD.
- What is the asking price?
- The asking price for this property is $4,188,000.
- What are key features of this property?
- This property features: Absolute NNN ground lease; zero landlord responsibilities.; 15-year initial term with six 5-year renewal options.; Rent increases 6% after year 6, then 8% at each option period.
- How can I contact the broker?
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