Tenant: Grantsville Plaza | Grantsville, MD
Premises: 84,410 SF
Renewal Options: Varies
Lease Expiration: Varies
Lease Type: NN
Rental Increases: Varies
Sands Investment Group is Pleased to Present Exclusively the 84,410 SF Shopping Center For Sale Located in Western Maryland, Approximately 54 Minutes East of Morgantown, West Virginia. Grantsville Plaza is the Dominant Community Shopping Center in This Market Featuring Several National Tenant Anchors (47%), Such as Dollar General, Walgreens, True Value Hardware and NAPA Auto Parts. New Ownership Can Immediately Increase Value By Implementing an Aggressive Leasing Campaign to Fill the Former Shop N Save Grocery Box or Consolidating the Over 40,000 SF of Available Space Into Alternative Self Storage, Medical or Industrial Uses.
In Cooperation With: Sands Investment Group Maryland, LLC Lic. # 5002337 BoR: Tom Gorman – Lic. # 5002337
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Dollar General Corporation (NYSE: DG) was founded in 1939 and has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. As of February 26, 2021, Dollar General Corporation operated 17,266 stores in 46 states in the United States. For fiscal 2019, Dollar General executed approximately 2,600 real estate projects comprised of 1000 new stores, 1,500 store remodels and 80 store relocations.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. a global leader in retail and wholesale pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens Boots Alliance (NASDAQ: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.
The National Automotive Parts Association (NAPA), also known as NAPA Auto Parts, founded in 1925, is an American retailers’ cooperative distributing automotive replacement parts, accessories and service items in North America. Today, NAPA-branded stores and AutoCare Centers continue to serve auto service professionals, do-it-yourselfers and everyday drivers with quality parts and supplies to keep cars, trucks, and equipment performing safely and efficiently. The NAPA distribution system has more than 500,000 part numbers which are distributed across 57 distribution centers, 6,000 NAPA Auto Parts stores, and more than 16,000 NAPA AutoCare and AutoCare Collision Centers throughout the United States. Over the years, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people. Genuine Parts Company, founded in 1928, is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company serves hundreds of thousands of customers from a network of more than 10,000 locations in 14 countries and has approximately 50,000 employees.
True Value Company, under the leadership of CEO Chris Kempa, is one of the world’s leading hardlines wholesalers with a globally recognized brand providing its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University all within a flexible model which requires no membership. Committed to long-term sustained growth and success, True Value serves more than 4,500 stores worldwide with retail sales in their communities, totaling about $8 billion, with 13 regional distribution centers and approximately 2,500 True Value Associates. After seven decades working with independent hardware retailers, today’s True Value is not only a stalwart of the industry, but also has the experience, the relationships, and most importantly the network of independent stores to ensure a long and bright future for the business.