Monday, June 24, 2013

Greysteel Announces Exclusive Taco Bell Ground Lease Offering in Frederick, MD


Taco Bell ground-leased property, Frederick, MD





Frederick, MD,  June 24, 2013– Greysteel, a leading real estate investment services firm based out of Washington, D.C., announced today that Vice President Peter Snell, head of the Single Tenant Net Lease Investment Group, has been named exclusive advisor and agent for a Taco Bell ground leased property located in Frederick, Maryland.

Peter Snell
The property is ideally located along MD Route 40, commonly known as the “Golden Mile”, which serves as a premier retail corridor to the Frederick market.

Situated in a dense infill location, Taco Bell benefits from exceptional surrounding demographics with over 103,900 residents and an average household income of $90,943 in a five mile radius; as well as tremendous traffic counts averaging over 43,000 vehicles passing the property on a daily basis.

Additionally, Taco Bell serves as an out-parcel to the Aldi anchored Vista Shops. The property is listed for $1,500,000 (6.00% cap).

Golden Mile, Frederick, MD
“The offering presents an opportunity for an investor to own a truly management-free asset,” commented Greysteel’s Snell, who continued “given the premier location of Taco Bell as well as the revitalization efforts along the corridor the real estate has intrinsic value, enhanced by the tenants recent commitment to further extend their lease term.

“Opportunities to own a trophy asset in this market are few and far between – we have already begun fielding offers for the property and expect to receive multiple more early in our marketing campaign.”

  For a complete copy of the company’s news release, please contact:

Yassi Farzaneh
Production Manager
7735 Old Georgetown Road, Suite 301
Bethesda, MD 20814
T. 202-280-2714
C. 703-973-5322


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