Discount
Family Dollar Abs. Net
30408 Mt Vernon Rd, Princess Anne, MD 21853
Listing Price: $1,913,081
Investment Overview
Marcus & Millichap is pleased to present the Family Dollar opportunity in Princess Anne, Maryland to your clients and prospects. This property was built in 2016 and signed a rare 16 year term with six (five year) options and 10 percent rent increases every five years. This is a true Absolute Triple-Net Lease with ZERO Landlord responsibilities. The Family Dollar is located on Mount Vernon Rd, which is the main intersection along US Hwy 13 (Ocean Hwy) with a daily traffic count of approximately 26,000.
The town of Princess Anne lies in Somerset County, which is a popular destination for history buffs due to approxuimately 300 structures in the National Register of Historic Places database. The county is surrounded by over 600 miles of shoreline along Chesapeake Bay, making it a wonderful departure form the major metros (DC, Baltimore, Philadelphia) to enjoy fishing, boating, and hunting.
This is an excellent opportunity to acquire a well-located, absolute net leased property with a credit-rated company (NASDAQ: DLTR). The next rental increase is April 1, 2027 and presents the new owner with an average yield of 7.17 percent at the given price thru 3/31/2032. There are no Landlord responsibilities throughout the Term of the Lease, making it the most passive type of investment out there.
Additional points to consider when discussing with clients:
1) This is the ONLY Family Dollar in Princess Anne, MD trade market. The closest store is over 12 miles to the North and over 16 miles to the South.
2) The FD is newer (2016), larger (8,400 square feet), and has more property (0.81 acres) than the Dollar Tree across the street.
3) This is one of only two Family Dollars on the market with Absolute Triple-Net Lease and over seven and a half years of Term remaining. However, it’s the only East Coast location.
Investment Highlights
- Rare 16 Year Primary Term | Seven and a Half Years Remaining | Absolute Net Lease
- Strong Corporate Guaranty | NASDAQ: DLTR | Moody's "BBB"
- 10 Percent Rent Bump on 4/1/27 and in each of the Six Options
- Located at Major Intersection of Town (US Hwy 13/Mt. Vernon Rd)
- College Town | U of Maryland Eastern Shore less than One mile
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,913,081
Investment Highlights
- Rare 16 Year Primary Term | Seven and a Half Years Remaining | Absolute Net Lease
- Strong Corporate Guaranty | NASDAQ: DLTR | Moody's "BBB"
- 10 Percent Rent Bump on 4/1/27 and in each of the Six Options
- Located at Major Intersection of Town (US Hwy 13/Mt. Vernon Rd)
- College Town | U of Maryland Eastern Shore less than One mile
Investment Overview
Marcus & Millichap is pleased to present the Family Dollar opportunity in Princess Anne, Maryland to your clients and prospects. This property was built in 2016 and signed a rare 16 year term with six (five year) options and 10 percent rent increases every five years. This is a true Absolute Triple-Net Lease with ZERO Landlord responsibilities. The Family Dollar is located on Mount Vernon Rd, which is the main intersection along US Hwy 13 (Ocean Hwy) with a daily traffic count of approximately 26,000. The town of Princess Anne lies in Somerset County, which is a popular destination for history buffs due to approxuimately 300 structures in the National Register of Historic Places database. The county is surrounded by over 600 miles of shoreline along Chesapeake Bay, making it a wonderful departure form the major metros (DC, Baltimore, Philadelphia) to enjoy fishing, boating, and hunting. This is an excellent opportunity to acquire a well-located, absolute net leased property with a credit-rated company (NASDAQ: DLTR). The next rental increase is April 1, 2027 and presents the new owner with an average yield of 7.17 percent at the given price thru 3/31/2032. There are no Landlord responsibilities throughout the Term of the Lease, making it the most passive type of investment out there. Additional points to consider when discussing with clients: 1) This is the ONLY Family Dollar in Princess Anne, MD trade market. The closest store is over 12 miles to the North and over 16 miles to the South. 2) The FD is newer (2016), larger (8,400 square feet), and has more property (0.81 acres) than the Dollar Tree across the street. 3) This is one of only two Family Dollars on the market with Absolute Triple-Net Lease and over seven and a half years of Term remaining. However, it’s the only East Coast location.
Exclusively Listed By
Broker of Record
Financing By

