Property Details
| Address | 860-868 S 5th Avenue Denton, Maryland 21629 |
| Property Type | Retail |
| For Sale | $1,842,000 |
| Property Size | 18,000 SF |
| Rail Served | |
| Property Acreage | 1.99 AC |
| View Listing Online | https://www.loopnet.com/Listing/860-868-S-5th-Ave-Denton-MD/25865183/ |
INVESTMENT HIGHLIGHTS
- National Corporate Guaranteed Leases | Options To Extend | Scheduled Rent Increases | Potential Upside Through Lease Up
- Excellent Accessibility
- Adjacent To Grocery-Anchor Food Lion | Dense Commerical Corridor |Strong National/Credit Tenant Presence
EXECUTIVE SUMMARY
- National corporate guaranteed tenants Dollar General (NYSE: DG) anchors the shopping center occupying 51% of GLA. Dollar General recently signed an extension of 3 years in the initial term with 4 (5-Years) option periods.
- Rent-A-Center (NASDAQ: RCII) is another national tenant with 4 years in the initial term and 1 (5-Year) option period. Rent-A-Center lease features RARE 2% annual rent increase during the option period
- Both tenants have been operating in the shopping center for more than 20 years, demonstrating their commitment to the site
- At 78% occupancy, the offering provides potential upside for a future investor through leasing up the vacancies