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521 S Main St
Federalsburg, MD 21632

$2,224,812 USD

Freestanding For Sale  •  10,640 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 10,640 SF
  • Lot Size 1.45 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 6.65 %
  • Tenancy Single
  • Zoning C1
0 Transit Score
16 Walk Score

Highlights

This 10,640 SF Dollar General Plus property was a Build-to-Suit construction for Dollar General in 2024.
Rare 5% rental increases every 5 years throughout the base term of the lease and all option periods.
The lease is corporately guaranteed by Dollar General, an investment grade credit tenant rated BBB by Standard & Poor’s.
Dollar General is operating on a brand new 15-year Absolute NNN lease with five, 5-year renewal options.
IDEAL DG SUBMARKET | 70% of Dollar General stores cater to communities like Federalsburg of less than 20,000 residents.
Property sits on a large 1.456 acre parcel that can potentially be redeveloped should the current tenant ever vacate.
Cap Rate: 6.65 %

Public Transportation

AirportDriveWalkDistance
Salisbury-Ocean City Wicomico Regional 60 min - 38.1 mi
Matthew Gorman 484-567-2340 CBRE, Inc.
Matthew Gorman 484-567-2340 CBRE, Inc.