Rick Fernandez, Calkain’s Senior Managing Director, has been retained to sell the real estate, including improvements, at 20900 Frederick Road in Germantown, Maryland. The property has been operated and corporate guaranteed by Pep Boys since the early 90’s under a long-term NNN lease with annual rent increases.
There are high barriers to entry for automotive use in this market and the 53,000 vehicles that pass the site consistently drive sales well above the national average for this Pep Boys. The highly visible location within the 900,000 square foot Walmart, Target and Home Depot anchored Milestone Center is just off I-270.
Offered for sale is the 2.3 acre parcel, 18,576 square foot building with 11 service bays under a landlord friendly NNN lease that carries substantial annual rent increases. Please contact Rick Fernandez at rfernandez@calkain.com to receive the offer package.
Calkain Companies is a commercial real estate brokerage firm specializing in assisting buyers and sellers of single and multi-tenant net-leased properties. Calkain delivers a global buying audience to a highly sought after, client focused platform that covers all aspects of the transaction including advisory, brokerage, asset management, capital markets and research. Additional information about the firm and listings may be found at calkain.com.
