Property Details


Frederick, MD
Property ID: 8246

Financial Summary

Asking Price $2,986,741
Cap Rate 6.75%
Net Operating Income (NOI) $201,605
Lease Type NNN
Lease Term Remaining 10+ Years
The Offering Memorandum for this property is no longer available.


Rick Fernandez
Senior Managing Director

Share Property


  • Outparcel location at entrance to 755,000 SF, 94% occupied Francis Scott Key Mall with anchor retailers like JCPenney, Macy’s, Sears, DSW, Ethan Allen, and Dick’s Sporting Goods
  • 10+ years remain on a 20-year lease, plus 20 years of options
  • Strong sales and local 67-unit franchisee
  • The sixth largest franchisee in the Applebee’s system
  • Located in dense retail trade area, just off I-70 (91,000 VPD) and I-270 (110,000 VPD)
  • On main commuter route with 19,240 VPD

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit


5613 Spectrum Dr
Frederick, MD

Traci BidingerApplebee’s