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3801 W Forest Park Ave
Baltimore, MD 21216
Retail Property For Sale
Executive Summary
This offering features a Family Dollar retail location in Baltimore, Maryland under a long-term triple net (NNN) lease structure. The lease, corporately guaranteed, provides an investor the opportunity to secure a consistent and predictable income stream with a tenant rated among the most recognized discount retailers in the nation. With approximately 8.5 years remaining on the primary term and structured 5% rental escalations every five years starting in year 11 and through renewal options, this asset is designed to enhance long-term cash flow performance.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,180 SF
Building Class
C
Year Built
2018
Price
$3,025,314
Price Per SF
$329.55
Cap Rate
7%
NOI
$211,772
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.78 AC
Zoning
C - Commercial Service District
Parking
21 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 2905-001 | Improvements Assessment | $814,700 |
| Land Assessment | $212,900 | Total Assessment | $1,027,600 |
Property Taxes
Parcel Number
2905-001
Land Assessment
$212,900
Improvements Assessment
$814,700
Total Assessment
$1,027,600
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