Collins Avenue Shopping Center 4020 Frederick Ave 28,841 SF 100% Leased Retail Building Baltimore, MD 21229 $3,800,000 ($131.76/SF) 10% Cap Rate

100% leased 28,800 square foot retail center; four stable long-term triple-net tenants anchored by Dollar General (NYSE:DG).
Immediate high-yield, long term stability and growing cash flow in high-barrier-to-entry infill location.
Almost zero forward maintenance: fully renovated in 2022 for $1.9 million including new roofs with warranties, parking lot, HVAC, plumbing, electrical, canopy, signage, and interiors.
Strong tenant base: Dollar General leased through 2032, recently expanded national Israelite Church (12 locations) through 2035. Historical ABH Pharmacy and Collins Beauty recently renewed.
Dense urban location: 22,000 residents within 1 mile, 192,000 in 3 miles, 469,000 in 5 miles.
Stable long-term cash flow with built-in rent increases.
Easy ingress/egress at corner site with highly visible signage.
Near Ascension Saint Agnes Hospital and Irvington neighborhood revitalization; new 54-unit residential complex (.4 miles), The Greens at Irvington Mews II (0.3 miles) 59 senior apartments, OASIS @ 240 community green space/urban agriculture project (0.4 miles).
Baltimore City major economic drivers National and Social Security Administrations, the Baltimore Port national leader in automobile and break-bulk cargo, Under Armour, Harley-Davidson, FedEx, Exelon, Amazon, 24 colleges including Johns Hopkins University and Hospital. Major development 3,100-acre international trade and transportation hub Tradepoint Atlantic, $150 million renovation of CFG Bank Arena entertainment venue renovation, historic Penn Station revitalization with 1 million square feet of new space, Harbor Point waterfront community, Lexington Market, Pimlico Racetrack, and $1 Billion slated reimagining of Baltimore’s iconic Harborplace.