Dash In
Retail | 5.10% CAP | 3,474 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Dash In ground lease located at 429 Solomons Island Road N in Prince Frederick, Maryland (“the Property”). The new construction fuel station and convenience store has a 20-year Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease includes for attractive 2% annual rent increases throughout the primary lease term and the renewal options.
The newly constructed Dash In is ideally positioned within Armory Square, Prince Frederick’s newest retail development on Solomons Island Road, the area’s primary north–south commercial corridor. The Property benefits from excellent frontage, visibility, and access at the signalized intersection serving the shopping center, which attracts steady traffic throughout the day from both local residents and regional commuters. Armory Square and the surrounding trade area feature a mix of national and regional retailers that benefit from proximity to CalvertHealth Medical Center, a major employer and traffic driver for the region. Located in the County Seat, in the heart of Calvert County, approximately 40 miles southeast of Washington, D.C., the site enjoys affluent demographics and a thriving retail environment that supports long-term growth and performance.
Investment highlights
BRAND NEW 20-YEAR ABSOLUTE NNN GROUND LEASE: New construction Dash In featuring a 20-year Absolute NNN Ground Lease with four (4), 5-year renewal options.
2% ANNUAL INCREASES: This corporate ground lease includes attractive 2% annual rent increases throughout the primary term and all renewal options, providing consistent income growth and a built-in hedge against inflation.
ZERO LANDLORD RESPONSIBILITIES: Absolute NNN lease structure with no landlord responsibilities. The tenant is solely responsible for all taxes, insurance, maintenance, and repairs, delivering a truly passive investment.
RARE SMO, INC GUARANTY: This lease is corporately guaranteed by SMO, Inc. (Southern Maryland Oil), a subsidiary of The Wills Group. Based in La Plata, Maryland and family owned since 1926, The Wills Group operates nearly 300 retail locations across the Mid-Atlantic region, including Dash In convenience stores (55+ locations), Splash In ECO Car Wash locations, and the SMO Motor Fuels petroleum distribution network, and is one of the largest independent Shell Oil marketers in the United States while also operating Exxon, CITGO, and Dash In fuel locations.
PREMIER SIGNALIZED CORNER IN PRINCE FREDERICK: Located at the signalized entrance to Armory Square, Prince Frederick’s newest retail development anchored by ALDI, Michaels, and ACE Hardware along Solomons Island Road (MD Route 2/4). The Property benefits from excellent frontage, visibility, and multiple points of access along the area’s primary commercial corridor, including a direct right into the site from northbound on Route 4.
DOMINANT HEALTHCARE & RETAIL TRADE AREA: Situated near CalvertHealth Medical Center — the county’s primary hospital and largest healthcare employer — supporting consistent daily traffic and long-term economic stability. The surrounding corridor includes Walmart, Aldi, Safeway, Giant Food, Weis Markets, TJ Maxx, Chipotle, Michaels, McDonald’s, Planet Fitness, and numerous national retailers.
STRONG TRAFFIC COUNTS: More than 44,000 vehicles per day along Solomons Island Road (MD Route 2/4), the region’s primary north-south artery connecting to Washington, D.C. (approximately 40 miles northwest).
AFFLUENT SOUTHERN MARYLAND DEMOGRAPHICS: Impressive average household income of $165,899 in the surrounding area.
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