521 Main StFederalsburg, MD 21632

Property Details for 521 Main St

Year built

2024

Lot size

1,456.00 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Federalsburg

County

Caroline

State

Maryland

Latitude

38.6865

Longitude

-75.7731

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