3135 Joseph Biggs Memorial HwyNorth East, MD 21901

For Sale
$6,408,266

High-Yield Retail Investment in MD

Overview

Added:
Dec 11, 2024
Days on market:
93
College Crossing, a fully leased 24,000 square foot shopping center in North East, Maryland, presents a compelling investment opportunity. Located at 3135 Joseph Biggs Memorial Hwy, 21901, this multi-tenant retail property boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $416,537 and a 6.50% capitalization rate. The asking price is $6,408,266, translating to a price per square foot of $267.01. Benefiting from its strategic location just off I-95 and directly across from Cecil College, the center enjoys high visibility and strong traffic flow. The diverse tenant mix contributes to the property's consistent performance and stable income stream. This property is part of a portfolio of two retail centers, offering the potential for individual or package purchase. The lease type is Net. Further details are available upon request and execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.

Highlights

  • $6,408,266 Asking Price
  • 24,000 SF Retail Shopping Center
  • 100% Occupancy, Net Lease
  • $416,537 NOI, 6.5% Cap Rate
  • Located in North East, MD, near I-95 and Cecil College.

Location Insight

City
North East
County
Cecil
State
Maryland
Latitude
39.641267957095
Longitude
-75.959876545132
3135 Joseph Biggs Memorial Hwy, North East, Maryland

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3135 Joseph Biggs Memorial Hwy
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