This Retail Property is Off-Market.

7260 Sixty Foot Road
Pittsville, MD 21850 ·

9,014 SF · Retail For Sale

N/A

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Dollar General Store

Price N/A Cap Rate 8%
Building Size 9,014 SF Occupancy 100%
Property Type Retail No. Stories 1
Property Sub-type Free Standing Bldg Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Year Built 2011
Construction Status Under Construction/Proposed Lot Size 1.58 AC
Commission Split 2%
Listing ID: 17350497 Date Created: 09/28/2011 Last Updated: 02/06/2012

Description

New 15 year triple net (NNN) lease with Dollar General, a Fortune 200 company, and the #1 small-box discount retailer in the U.S. New build-to-suit construction with scheduled January 2012 delivery. Proto-type "D" with building sitting "sideways" (130' of frontage and 70' of depth) for maximum exposure on the site. Pre-engineered metal, clear-span building measuring 9,014 square feet. Split-face block and glass storefront. Rent of $114,834 NNN in years 1-15 with 10% rental increases in each of the five 5 year option periods. 34 parking spaces. Attractive landscaping.

Great "Eastern Shore" location. Large 1.58 acre parcel at the SW corner of Sixty Foot Road (370' of frontage) and Old Ocean City Road/MD 349 (178 feet of frontage) in the heart of downtown Pittsville. MD 349 runs parallel with US Hwy 50 and accesses the MD beach communities. Sixty Foot Road connects US HWY with Rehoboth Beach and other coastal communities in DE.

Highlights

  • New Triple Net (NNN) 15 Year Lease With Dollar General
  • Sales for 2010 of $13.05 Billion (up 10.5%); Net Income of $628 Million (up 85%)
  • DG is a Fortune 200 Company Listed on the NYSE (Ticker Symbol - DG)
  • New Build-To-Suit Construction
  • DG is the #1 Small-Box Discount Retailer in the US - In Business Since 1939
  • Full Year Same-Store Sales Increased 4.9%

Research

7260 Sixty Foot Road, Pittsville, MD 21850 (Wicomico County)

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