3728 Crain HwyWaldorf, MD 20603

For Sale
$6,408,000

High-yield, 100% occupied retail center.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 100% occupied, four-tenant shopping center in Waldorf, MD, totaling 8,485 square feet on a 1.068-acre lot. The property boasts a strong tenant lineup including Starbucks (drive-thru), Aspen Dental, Jersey Mike's, and Crumbl Cookies, all under NNN leases with credit-rated tenants and corporate guarantees. Each tenant has a remaining lease term of at least eight years, with options to extend. The property features 40 parking spaces and is situated on a signalized, hard-corner intersection of a major retail corridor with high daily traffic counts (79,400 vehicles). The location benefits from excellent visibility and proximity to other national retailers, including Walmart, Sam's Club, Target, and Lowe's, as well as a large regional mall. The strong demographics of the area, with a high average household income ($132,925) and significant residential population, ensure a robust consumer base. The property's current NOI is $400,463, yielding a 6.25% cap rate at an asking price of $6,408,000 ($755.22/sq ft). The property is zoned Community Commercial (CC) and offers a fee simple ownership structure (land and building). The presence of a nearby Kaiser Permanente medical center under construction further enhances the long-term value and stability of this investment. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant upside potential.

Highlights

  • $6,408,000 asking price for a 100% occupied, 8,485 SF shopping center in Waldorf, MD.
  • Net lease investment with a 6.25% cap rate and $400,463 NOI.
  • Four credit-rated tenants (Starbucks, Aspen Dental, Jersey Mike's, Crumbl Cookies) with 8+ years remaining on their leases.
  • Located on a signalized corner with high daily traffic counts, near other national retailers and a major residential area.
  • Features a drive-thru, strong demographics, and a new Kaiser Permanente medical center under construction nearby.

Property Details for 3728 Crain Hwy

Property type
Lifestyle centers, Power centers
Square Feet
8,485 SF
Lot Size (sq. ft)
46,522 SF

Location Insight

City
Waldorf
County
Charles
State
Maryland
Latitude
38.610227922716
Longitude
-76.926895563472
3728 Crain Hwy, Waldorf, Maryland

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3728 Crain Hwy
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