Discovery Crossing Shopping Center Listing Details & Market Data

63,291 sq. ft. retail neighborhood center Anchored by Goodwill & Dollar Tree Signalized intersectionDivaris Real Estate is pleased to present for sale this 63,291 sf neighborhood retail center within Frederick County, MD. The subject property is currently 28% vacant. Market vacancy for retail in Walkersville currently sits at 11.7% and the five year vacancy average sits at 14.3%. For comparison Frederick County as a whole currently has a 7.7% retail vacancy rate and a 6.9% five year vacancy average. On average, retail rates in Walkersville are currently hovering around the $16 - $17 per sf NNN range. The average rental rate for the occupied space is $14.30 per sf on a NNN basis. The property has been valued based on a market capitalization rate on current income. This valuation does not take into account the upside an investor would realize through leasing the center, raising base rental rates to market and increasing the credit of the existing tenancy.Discovery Crossing is a 63,291 Square Foot shopping center with a 14,000 SF junior anchor space available. The center is conveniently located on Woodsboro Pike, benefiting from exposure to more than 21,000 cars per day. Discovery Crossing sits on a signalized intersection directly across from Sheetz. The center is home to national retailers such as Dollar Tree, Goodwill and H&R Block. Discovery Crossing benefits from strong demographics with average household incomes of$118,579 within a 3 mile radius .