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Tobacco Hut 1328 W Patrick St 4,770 SF Retail Building Frederick, MD 21703 $2,463,799 CAD ($516.52 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining | Annual Rental Increases | Recent Extension
- Signalized, Hard Corner Intersection | Interstate 70 | Excellent Visibility & Access
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence
EXECUTIVE SUMMARY
• The tenant currently has 7 years remaining after just recently extend their lease, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term, growing NOI and hedging against inflation
• The lease features 3% annual rental increases throughout the initial term, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,770 SF
Building Class
C
Year Built
1980
Price
$2,463,799 CAD
Price Per SF
$516.52 CAD
Cap Rate
7%
NOI
$172,367 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.69 AC
Zoning
GC - General Commercial
Parking
35 Spaces (7.34 Spaces per 1,000 SF Leased)
Frontage
59’ on Patrick St
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
4,770 SF freestanding building available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,770 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 4,770 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 4,770 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
4,770 SF freestanding building available
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-083884 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,042,846 CAD |
PROPERTY TAXES
Parcel Number
02-083884
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,042,846 CAD
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Tobacco Hut | 1328 W Patrick St
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