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Taco Bell ground-leased property, Frederick, MD
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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.
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| 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).
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| 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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