SRS Real Estate Partners
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners
$6,620,000
Concerted Care Group | Hagerstown MD
Details
APN 10-067205
Property Type Retail, Office
Sub Type Medical Office
Square Footage 9,800
Cap Rate 6.6%
NOI $436,968
Tenancy Single
Lease Type NNN
Lease Term 10.3
Lease Expiration 11/30/2034
Remaining Term 8.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Class A
Year Built 2024
Acreage 1.940
Zoning HI (Highway Interchange)
Parking Spaces 61 spaces
Parking per 1,000 SqFt 6.22
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2024
Ground Lease No
Retail | 6.60% CAP | 9,800 SqFt
Investment highlights
- Corporate Guaranteed Lease | Options To Extend | Annual Increases
- NNN Lease | Limited Landlord Responsibilities
- Less Than 1 Mile from Hagerstown Premium Outlets | Off I-70 (70,300 VPD)
- Rare Single Tenant Medical Treatment Center | Dense Retail Corridor | Adjacent to Walmart Supercenter (2.5M+ Annual Visits)
- Strong Demographics in the 5-mile Trade Area | Direct Customer Base
Listing Contacts
SRS Real Estate Partners
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$436,968.00
$36,414.00/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Title
Is there information that looks off?
