Hagerstown, MD - Concerted Care Group
$6,620,000
10354 Supercenter Dr, Hagerstown, MD 21740
6.6
Cap Rate
436,968
NOI
Details:
Description:
• CCG Holdco. LLC corporate guaranteed lease
• The tenant has been at this site for 2 years with 8+ years remaining on its lease and 4 (5-year) option periods to extend
• 2% Annual increases throughout the term of the lease
• The asset is located just off the I-70 exit (70,300 VPD), offering direct on/off ramp access to the site and the trade area
• Sharpsburg Pike (26,000 VPD) travels directly to the Hagerstown Premium Outlets
• The Hagerstown Premium Outlets contain various national retailers, and bring shoppers from near and far to the immediate trade area
• Great opportunity to own commercial real estate in a growing corridor in Hagerstown
• Situated in a dense retail corridor, the subject site is surrounded by numerous national brands including Aldi, Sheetz, AutoZone, Jersey Mike’s, and more
• Walmart Supercenter (2.5M+ annual visitors) is located 1/4 of a mile from the subject property
• Strong tenant synergy and growth in the trade area increases the visibility of this asset
Location
Gallery