Cap Rate
8.75%
Tot. SF
9,273
5013 York Rd, Baltimore, MD, 21212
Dollar Tree$1,780,416
Key Information
Lot Size
0.57 Acres
Year Built
2019(R)
Term Remaining
± 4.25 Years
Type
Retail
NOI
$155,786
Highlights
- Recent Renovation: 2019 renovation-to-suit for Dollar Tree ensures a modern, efficient retail environment.
- Lease Term Remaining: ±4.5 years remaining on an initial 10-year corporately guaranteed lease.
- Renewal Options: Three 5-year renewal options, each with a $9,273 ($1 PSF) increase.
- Strong Demographics: ±567,993 residents within a five-mile radius, supporting sustained consumer demand.
- Affluent Area: Average household income of $131,416 annually in the immediate area.
- High Traffic Location: ±19,000 vehicles per day along York Road provide excellent visibility.
- Prime Urban Location: Situated in Baltimore, Maryland’s largest city, with a diverse economic base.
- University Proximity: Located directly across from Notre Dame of Maryland University, enrolling ~3,511 students.
- Investment Grade Tenant: Dollar Tree is S&P Rated BBB, providing security and reliability.
- Corporate Focus: Dollar Tree recently sold Family Dollar to refocus on its core, higher-performing brand.
Photos
Location
Agents
Broker of Record
Kyle Matthews
License # 664913 (MD)Matthews Real Estate Investment Services, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203