Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
$1,550,000
19961 Fisher Avenue
Details
APN 03-00044594, 03-00044583
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 58,523
Net Rentable (SqFt) 11,490
Cap Rate 6.83%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $26
Year Built 1960
Buildings 2
Stories 1
Lot Size (SqFt) 58,523
Zoning Commerical
Parking Spaces 15 spaces
Parking Per SqFt 0.26
Stabilized Multi-Tenant Retail on Fisher Avenue in the heart of downtown Poolesville, MD
Marketing description
Currently occupied by three seasoned tenants and Seller to execute a masterlease of all three spaces including Poolesville Hardware (the only hardware store within a 12-mi radius)
Masterlease scenario contemplates a leaseback of All-About-Equestrian with an expansion into the space currently occupied by Healthy Hub. Lease terms open to negotiation
Investment highlights
Additional opportunity to increase cash flow through the rental of +27,000 SF Lot 2 as outside storage, or construct additional +9,500 SF of additional retail once masterlease expires
With an average household income of +$210,000 and the #1 ranked high school in Maryland, Poolesville is one of the most desirable places to live in prosperous Montgomery County, just outside of Washington, D.C.
Listing Contacts
Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
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