100% leased, neighborhood center

Granary Row

317-401 E Diamond Avenue | Gaithersburg, MD

Download Offering Memorandum

Stats

$8,000,000

Asking Price

7.62%

Cap Rate

$609,873

NOI

NNN

Lease Type

Highlights

100% leased, neighborhood center - 100% leased to seven diversified tenants that resonate in the dense multifamily neighborhood surrounding Granary Row. Situated in the “always-busy” Olde Town community in Gaithersburg, MD, and centrally located for several seasonal festivals, markets, and shows.

Prime location in established community - Granary Row boasts easy accessibility due to its prime location near major thoroughfares like I-270 and Route 355. Its strategic positioning near the Gaithersburg Train Station and large multifamily complexes ensures a steady flow of both local and commuter traffic, making it an ideal spot for businesses and visitors alike.
Stable income and redevelopment potential - With a history of stable rental income and leases in place with varied rents, this makes for an attractive investment for those seeking immediate returns. Additionally, there is potential for future redevelopment, allowing investors to capitalize on Gaithersburg’s ongoing growth and urban development plans.

Team

Jonathan Hipp

Principal, Head of U.S. Net Lease
Avison Young
571 787 4725

Richard Murphy

Senior Vice President
Avison Young
571 449 8234

Tim Farrell

Senior Associate
Avison Young
571 723 2246