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3550 Donnell Dr
Forestville, MD 20747
Smoothie King Drive-Thru & Mattress Firm · Retail Property For Sale
Executive Summary
• Brand new redevelopment with $1M+ buildout & improvements
• 10-year Net Leases with 2% annual rent increases
• Tenants pay management and administrative fees
• New Roof with warranty
• Fully depreciable, two-tenant investment property
• Within the vibrant Penn Mar Shopping Center, one of the top performing community centers in the USA
• Located at Forestville’s 58,500 VPD retail hub with Target, Walgreens, Raising Cane’s, Starbucks, Shoppers, Wendy’s, Taco Bell, Five Below, JC Penny and more
• 5-mile trade area population of over 286,000
• 26 Minutes from Ronald Reagan Washington National Airport and Washington DC
• $106,404 average household income within a 3-mile radius
• 10-year Net Leases with 2% annual rent increases
• Tenants pay management and administrative fees
• New Roof with warranty
• Fully depreciable, two-tenant investment property
• Within the vibrant Penn Mar Shopping Center, one of the top performing community centers in the USA
• Located at Forestville’s 58,500 VPD retail hub with Target, Walgreens, Raising Cane’s, Starbucks, Shoppers, Wendy’s, Taco Bell, Five Below, JC Penny and more
• 5-mile trade area population of over 286,000
• 26 Minutes from Ronald Reagan Washington National Airport and Washington DC
• $106,404 average household income within a 3-mile radius
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,975 SF
Building Class
B
Year Built/Renovated
1977/2023
Price
$4,130,000
Price Per SF
$830.15
Cap Rate
6.35%
NOI
$262,242
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.07 AC
Zoning
CGO - Commercial, General and Office
Parking
44 Spaces (8.84 Spaces per 1,000 SF Leased)
Frontage
231’ on Pennsylvania Ave
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 06-0586396 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,326,000 |
Property Taxes
Parcel Number
06-0586396
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,326,000
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