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Listing was updated on: 11/06/2022

1620 Pennsylvania Ave, Baltimore, MD 21217, USA

Location1620 Pennsylvania Avenue is located conveniently near Downtown Baltimore and offers easy access to public transportation routes, city thoroughfares such as North Avenue, Route 40, MLK Jr. Blvd, and major highways 70, I-95, I-83, 695, and 295. Densely populated area has over 50,000 residents in a 1-mile radius. The Pennsylvania Avenue corridor has been designated by the state of Maryland as an official arts and entertainment district with an aim to boost foot traffic, revitalization, economic growth, and draw on the area's longstanding culture and heritage. Additionally, the Baltimore Metro SubwayLink station is located next to the property, and has over 1,551 passengers per day. SaleBrexton Commercial is pleased to present for sale a net leased Dollar General investment opportunity in Baltimore, MD. The property consists of a 8,420 SF building on 42,166 SF of land. The property is located in an urban neighborhood and benefits from lack of competition in the nearby area, as well as strong population density of over 50,000 residents within a 1-mile radius. The store was fully renovated in 2009 when the tenant signed a new 10-year lease. Tenant has 3 renewal options of 5-years each with 5% escalations at the start of each renewal term. Tenant exercised its first renewal option and has over 2-years remaining on its term. They are currently renovating the store showing a commitment to the area due to strong sales and store traffic. Dollar General is an essential service based retailer which caters to the local community.

• Additional URL brextoncre.com
• Building size 8420