The subject property includes a 10,908sf freestanding, all brick, single story, single tenant building located on 1.31 acre lot at a prominent, high traffic intersection in Cambridge, MD. Asset was originally built for & occupied by Eckerd Corp. and was re-branded as Rite Aid upon their acquisition of Eckerd. The property is currently subleased to Family Dollar- which, after it's merger with Dollar Tree, is now the largest dollar store retailer in the country. The offering is secured by a 20yr absolute NNN lease requiring zero landlord responsibilities, guaranteed by Rite Aid. The lease currently has 8 fixed years remaining at the expiration of which, Rite Aid has four, 5-year termination options each with rental increases. The location benefits from traffic counts exceeding 40,000 cars per day and is located along Cambridge's main retail trade corridor. The property is being sold with another Rite Aid location in Wilson, NC. The investments afford a passive owner the rare opportunity to acquire two quality net leased property's that provide substantially above market returns, strong intrinsic land values & the ability to diversify risk across two assets, all while secured by a best in class national retailer.

Location Description:

The subject property is an A+ parcel located at the major signalized intersection of Sunburst Hwy. & Crusader Rd. in the heart of Cambridge, MD. The location has tremendous visibility at the signalized corner, a significant amount of parking for an urban retailer, and great ingress/egress from two of the bordering streets. The property is located in the center of the region's dominant retail trade area and is surrounded by numerous national tenants including; Walmart, Walgreens, Food Lion & Wawa. It further benefits from extremely high traffic counts of approximately 40,000 cars per day. Cambridge is a city in, and the county seat of, Dorchester County. It is the county's largest municipality with a population of nearly 20,000 people within 5 miles, and the fourth most populous city in Maryland's Eastern Shore region. Dorchester County comprises the Cambridge MSA, which is also included in the Washington-Baltimore-Arlington Combined Statistical Area. Cambridge is located 80 miles east of Washington, DC & 60 miles southeast of Baltimore, MD. The city is dissected by U.S. Route 50, a major east-west thoroughfare providing immediate access to the Baltimore/Washington region.

Highlights:

>> Absolute NNN Lease- Zero LL Responsibilities; 8.5 Fixed Years Remaining

>> Attractive All Brick Construction; Originally Built For Eckerd; Lease Guaranteed By Rite Aid; Currently Subleased To Family Dollar

>> A+ Location; Major Retail Trade Area- Surrounded By National Tenants; Significant Intrinsic Land Value

>> Prominent Signalized Intersection; 40,000 Cars Per Day; Fantastic Visibility & Access From Bordering Streets

>> Rare Northeast Location; 80 Miles From Washington DC, 60 Miles From Baltimore

>> Sold With 2nd Rite Aid Location In Wilson, NC

Sales Info:

>> Commision split: 1.5%