3125 Joseph Biggs Memorial HwyNorth East, MD 21901

For Sale
$13,516,935

Two Centers, 41,448 SF, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents two strategically located retail centers in North East, Maryland, totaling 41,448 square feet. Situated in Cecil County at 3125 Joseph Biggs Memorial Hwy, zip code 21901, these properties boast 100% occupancy under a Net Net lease structure with a diverse tenant mix. Each center is meticulously maintained, featuring durable standing seam metal roofs and benefits from strong traffic patterns. The asking price is $13,516,935, representing a compelling price per square foot of $326.12 and a projected cap rate of 6.50%. The proximity of the two centers offers synergistic advantages, while the current leases provide immediate cash flow and the potential for future rental increases, ensuring long-term appreciation. This portfolio presents a rare opportunity to acquire a stable, high-performing retail investment in a desirable Maryland market. The properties are ideally situated to benefit from consistent growth and offer a secure and profitable investment for discerning buyers. This is a turnkey investment with minimal vacancy risk and a strong potential for future returns. The properties are well-maintained and offer a solid foundation for continued success. The current tenant mix provides diversification and stability, minimizing risk and maximizing returns.

Highlights

  • $13,516,935 asking price for a 41,448 square foot retail portfolio.
  • Located in North East, Maryland, at 3125 Joseph Biggs Memorial Hwy, zip code 21901.
  • Property consists of two fully leased shopping centers with a diverse tenant mix.
  • Net Net (NN) lease structure.
  • 6.50% cap rate with 100% occupancy.
  • $326.12 price per square foot.

Location Insight

City
North East
County
Cecil
State
Maryland
Latitude
39.6414854
Longitude
-75.9606344
3125 Joseph Biggs Memorial Hwy, North East, Maryland

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3125 Joseph Biggs Memorial Hwy
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