district 40 lease brochure · 2020. 12. 3. · leon robinson | 443.889.4095 |...

CB

CW

OR

LDW

IDE.

CO

M

NRT

DISTRICT 40(1301 WPATRICK ST)

Proposed Entertainment Center1301 W Patrick St, Frederick, MD 21702

FOR MORE INFORMATION:

Faraz Cheema, MSRE, CCIM301 983 [email protected]

Danielle Balkin732 551 [email protected]

Leon Robinson443 889 [email protected]

©2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker Commercial logosare trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of companyowned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised officeswhich are independently owned and operated. The Coldwell Banker System fully supports the principles ofthe Equal Opportunity Act.

COLDWELL BANKER COMMERCIALNRT12435 Park Potomac Ave Ste 550, Potomac, MD 20854301.983.0200

FO

R L

EA

SE

CBCWORLDWIDE.COM

Faraz Cheema, MSRE, CCIM | 301.983.0200 | [email protected]

Danielle Balkin | 732.551.4218 | [email protected]

Leon Robinson | 443.889.4095 | [email protected]

NRT

OFFERING SUMMARY

Available SF: Up To 377,562 SF

Lot Size: 37.35 Acres

Year Built: 1972

Year Renovated 2019

Building Size: 580,063 SF

Zoning:GC - General

Commercial

Market: Washington, DC

Submarket: Frederick

PROPERTY OVERVIEWColdwell Banker Commercial NRT is pleased to announce theexclusive listing of District 40 (1301 W Patrick St, Frederick, MD21702). Located off of Route 40 (47,331 VPD) in the heart ofFrederick's Golden Mile Corridor, District 40 is home to Frederick'sonly proposed entertainment center.

With over 60,000 residents within a 3 mile radius, Frederick, MD is thesecond largest city and is the fastest growing county in the state ofMaryland based on the 2010 US Census Report.

District 40 is currently over 500,000 SF. The project will includedevelopment for standalone pad sites in the near future. The city ofFrederick is offering tax incentives for businesses to invest in theGolden Mile Corridor.

Pad sites will be available for ground lease in later developmentphase of District 40 (Estimated Date: 2020)

LE

AS

E

DISTRICT 40 (1301 W PATRICK ST)1301 W Patrick St, Frederick, MD 21702

CBCWORLDWIDE.COM




NRT

LOCATION DESCRIPTION

Located in Frederick, MD, the largest and fastest growingcounty, District 40 is well-sited on the north side of USRoute 40 West - Frederick's 'Golden Mile' retail corridor.The mall is conveniently situated approximately one andone-half miles from US Route 15 and three milesInterstate 70 and 270 interchanges. The nine entrancesto the mall's property and three traffic signals on USRoute 40 allow shoppers quick and effortless access toDistrict 40.

The demographics of the Golden Mile Corridor are verystrong, with over 60,000 residents living within 3 miles ofDistrict 40. Over 55% earning over $50,000 annually. Themedian household income for households within 3 milesis $54,354. Females slightly outnumber males andaverage age of all persons within 3 miles is nearly 36years old. 80% of the persons 25 years old or olderlocated within 3 miles are high school graduates and31% have college degrees.

Ideal tenant mix for District 40 include entertainmentretailers such as a trampoline park, an indoor go-karttrack, a bowling alley, an arcade, an indoor skydivingfacility, an indoor paintball arena, an indoor ropescourse, billiards, a miniature golf course and casualdining such as draft houses, steak houses, & fast casualrestaurants.

Parking:3,000 Surface Spaces are available;Ratio of 4.98/1,000 SF

Commuter Rail:Frederick Commuter Rail (Brunswick Line):15 min Drive Time, 4.0 miMonocacy Commuter Rail (Brunswick Line):16 min Drive Time, 6.8 mi

Traffic Count:W Patrick St & Hoke Pl: 47,331 VPDW Patrick St & Blentlinger Rd: 20,781 VPD

LE

AS

E


CBCWORLDWIDE.COM




NRT

TAX INCENTIVESFacade Improvement GrantsOverview: Facade improvement projects to businesses located in one of three program areas – Downtown Frederick,Golden Mile, East FrederickBenefits: 1:1 match on qualified exterior facade improvements up to $10,000 (*up to $23,500 in Golden Mile area)

Golden Mile Property RehabilitationOverview: any property located within the Golden Mile qualifies, provided that the rehabilitation increases the value of thepropertyBenefits: a 7 year property tax credit on the increased assessed value of the property and calculated by the City's ExemptionSchedule

Enterprise ZoneOverview: New and existing businesses located in designated Golden Mile area and with qualifying property improvementsand/or job creationBenefits: 10 year tax credit (City & County) based on increase in real property tax assessments (80% during the first 5 years,then decreasing 10% annually), a one-time $1,000 state income tax credit for each qualified employee filling a new position& a three year state income tax credit for each qualified new economically disadvantaged employee ($3000 in Year One,$2000 in Year Two, $1000 in Year Three)

LE

AS

E

DISTRICT 40 (1301 W PATRICK ST)1301 W Patrick St, , Frederick, MD 21702

CBCWORLDWIDE.COM




NRT

LE

AS

E


CBCWORLDWIDE.COM




NRT

TRAFFIC COUNT: WEST PATRICK ST - 47,000 VPD

LE

AS

E


CBCWORLDWIDE.COM




NRT

POPULATION 1 MILE 3 MILES 5 MILES

Total population 14,016 60,737 115,429

Median age 30.6 33.8 34.9

Median age (Male) 30.3 34.3 34.9

Median age (Female) 30.9 33.9 35.3

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,482 23,628 44,689

# of persons per HH 2.6 2.6 2.6

Average HH income $69,954 $79,077 $83,686

Average house value $350,313 $353,443 $354,397

RACE 1 MILE 3 MILES 5 MILES

% White 61.9% 68.0% 72.0%

% Black 20.9% 17.5% 14.9%

% Asian 8.3% 6.7% 6.1%

% Hawaiian 0.2% 0.1% 0.1%

% American Indian 0.8% 0.8% 0.6%

% Other 3.3% 3.9% 3.8%

LE

AS

E


CB

CW

OR

LDW

IDE.

CO

M

NRT

FOR MORE INFORMATION:

Faraz Cheema, MSRE, CCIM301 983 [email protected]

Danielle Balkin732 551 [email protected]

Leon Robinson443 889 [email protected]

©2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker Commercial logosare trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of companyowned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised officeswhich are independently owned and operated. The Coldwell Banker System fully supports the principles ofthe Equal Opportunity Act.

COLDWELL BANKER COMMERCIALNRT12435 Park Potomac Ave Ste 550, Potomac, MD 20854301.983.0200

district 40 lease brochure · 2020. 12. 3. · leon robinson | 443.889.4095 |...

Documents