AutoZone - Frederick, MD
1106 W Patrick St, Frederick, MD
$3,747,000 For Sale
Frederick, MD $3,747,000
- Status For Sale
- Term 15 Years
- Lease Type NNN
- Cap Rate 4.75%
- Building Size 8972 SQ. FT
- Options Six, 5-Year
Recent 15-Year Extension | Options to Extend | Scheduled Rental Increases
•Operating since 2014 — tenant recently signed a 15-year extension with 6 (5-year) renewal options, demonstrating deep site commitment
•6% rental increase in 2029 and 8% bumps at the start of each option period provide growing NOI and inflation protection
Absolute NNN | Fee Simple (Ground Lease) | Zero Landlord Responsibilities
•Tenant responsible for CAM, taxes, insurance, and all maintenance of the premises
•No landlord obligations — ideal, passive, management-free investment
US Hwy 15 (103,500 VPD) | Dense National/Credit Tenant Corridor
•Direct frontage on US Highway 15 with over 103,500 vehicles passing daily
•Adjacent to Hillcrest Center (90,000+ SF) and Westridge Square (200,000+ SF) shopping centers featuring Aldi, Burlington, H Mart, Dollar Tree, and Planet Fitness
•Surrounded by Home Depot, Harbor Freight, Petco, Starbucks, McDonald's, 7-Eleven, and Dunkin' — driving consistent consumer traffic and crossover exposure
Strong 5-Mile Trade Area Demographics
•134,200+ residents and 78,300+ employees within 5 miles INVESTMENT HIGHLIGHTS 5
•$131,155 average household income