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Dollar General | 9+ Years Remain | Limited Competition in Growing Market

11234 Five-L Dr, Berlin, MD 21811

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
9,063
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.24

Investment Overview

The Tenant benefits from limited competition in the submarket with the nearest competitor, a Dollar Tree, three miles south. The next closest Dollar General location is more than five miles away. Berlin, and larger Worcester County, is a growing destination for new business, families, and vacationers due to low property tax rates, an abundant workforce, and a transportation network of highways, rail, and airports. Job creating incentives include state income and real property tax credits for businesses locating or expanding in the three Enterprise Zones of Berlin, Snow Hill, and Pocomoke City; and Worcester County is an SBA designated HUBZone.

Investment Highlights

  • More Than 9 Years Remaining on NNN Lease with Increases
  • Just Off Resort/Commuter Corridor; 20,561 VPD
  • Proximate to Tidalhealth Campus and 12,000-Resident Ocean Pines Development

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): MD: 643676

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Discount

Dollar General | 9+ Years Remain | Limited Competition in Growing Market

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Dollar General
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
9,063
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.24

Investment Highlights

  • More Than 9 Years Remaining on NNN Lease with Increases
  • Just Off Resort/Commuter Corridor; 20,561 VPD
  • Proximate to Tidalhealth Campus and 12,000-Resident Ocean Pines Development

Investment Overview

The Tenant benefits from limited competition in the submarket with the nearest competitor, a Dollar Tree, three miles south. The next closest Dollar General location is more than five miles away. Berlin, and larger Worcester County, is a growing destination for new business, families, and vacationers due to low property tax rates, an abundant workforce, and a transportation network of highways, rail, and airports. Job creating incentives include state income and real property tax credits for businesses locating or expanding in the three Enterprise Zones of Berlin, Snow Hill, and Pocomoke City; and Worcester County is an SBA designated HUBZone.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): MD: 643676

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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