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Forestville, MD - Mattress Firm & Smoothie King

$3,999,000

3550 Donnell Drive, Forestville, MD 20747

Active
Last Updated: 05/25/2024

6.35

Cap Rate

253,900

NOI

Details:
Cap Rate:    6.35%
NOI:    $253,900
Building Size:    4,975 sqft
Lot Area:    1.08 acres
Occupancy:    100%
Year Built:    2023
Description:

• New $1M build outs and 10 years leases with Mattress Firm and Smoothie King with drive thru
• 2% annual rental increases
• Tenants pay management and administrative fees
• New Roof with warranty
• Fully depreciable, two-tenant investment property

• Within the vibrant Penn Mar Shopping Center, one of the top performing community centers in the USA
• Located at Forestville’s 58,500 VPD retail hub with Target, Walgreens, Raising Cane’s, Starbucks, Shoppers, Wendy’s, Taco Bell, Five Below, JC Penny and more
• 5-mile trade area population of over 293,000
• 26 Minutes from Ronald Reagan Washington National Airport and Washington DC
• $99,615 average household income within a 3-mile radius

Map:
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