Lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. No landlord responsibilities. Subject property is directly off Frederick Freeway (105,700 VPD). More than 120,000 residents and 81,000 employees support the trade area.
Long-Term Lease – The Property is operating under a long-term, 25-year lease with nearly ten (9.8) years of primary term remaining. Zero Landlord Responsibilities – CVS Pharmacy is operating under an absolute NNN lease structure offering investors a 100% passive investment with zero landlord responsibilities.
Very Strong, Increasing Year over Year Sales. Rare Freestanding Single Tenant Wendy’s in the DC Metro Market – 6 Miles from The White House. Affluent Demographics: Average Household Income Exceeds $108,000 in the Market Area.
Desirable 24 hour location w/ Drive-Thru. Absolute NNN Lease – Zero landlord responsibilities. 34% rental increase at first option. BBB+ Credit Rating. Recently renovated store in 2019. Newly extended 20 year lease.
Strong Traffic Counts – Traffic Counts at the site exceed 36K VPD. New 20-year term. 7.5% rent increase in base term. Dense Baltimore location. The property is situated in a residential pocket where the nearest auto parts store is over 1 mile away.