Property Details

Bob’s Discount Furniture

Hagerstown, MD
Property ID: 4743

Financial Summary

Asking Price $5,560,000
Cap Rate 7.25%
Net Operating Income (NOI) $403,000
Lease Type NNN
Lease Term Remaining 10 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Brand new building; store opened Summer 2016
  • 10 year absolute NNN lease
  • 10% rent bumps every 5 years
  • Corporate guaranty
  • Hagerstown-Martinsburg, MD-WV MSA
  • Located in the Crosspoint Shopping Center next to the Valley Mall & surrounded by national retailers including Target, Michaels, Kohl’s, Sears, Starbucks, Burger King and more
  • Watch the flyover video:

Location

17111 Cole Rd
Hagerstown, MD

Traci BidingerBob’s Discount Furniture