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Shopping Strip

Starbucks Anchored Strip Center | Washington, D.C. MSA

3728 Crain Hwy, Waldorf, MD 20603

Listing Price: $6,693,483

Cap Rate
6.00%
Gross SF
8,485
Rentable SF
8,485
Price/Gross SF
$788.86
Lot Size
1.06 acres
Year Built
2022

Investment Overview

This is an opportunity to acquire a newly constructed 8,485 square-foot strip center with restaurant and service-oriented retailers (the “Offering”). Fully occupied, the Offering includes esteemed retailers Crumbl Cookie, Jersey Mike’s, Aspen Dental, and Starbucks with drive-thru, and is shadow-anchored by Chick-fil-A. The Offering has a high credit profile as Starbucks and Aspen Dental represent 80% of net operating income, and a strong weighted average lease term (WALT) remaining of over nine years.

Investment Highlights

  • Newly Constructed Strip Center with Starbucks on Endcap with Drive-Thru
  • Shadow-Anchored by Chick-fil-A
  • Exceptional Positioning Along Crain Highway (Route 301), Visible to 65,873 VPD

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Financing By

Shopping Strip

Starbucks Anchored Strip Center | Washington, D.C. MSA

Listing Price: $6,693,483

Cap Rate
6.00%
Gross SF
8,485
Rentable SF
8,485
Price/Gross SF
$788.86
Lot Size
1.06 acres
Year Built
2022

Investment Highlights

  • Newly Constructed Strip Center with Starbucks on Endcap with Drive-Thru
  • Shadow-Anchored by Chick-fil-A
  • Exceptional Positioning Along Crain Highway (Route 301), Visible to 65,873 VPD

Investment Overview

This is an opportunity to acquire a newly constructed 8,485 square-foot strip center with restaurant and service-oriented retailers (the “Offering”). Fully occupied, the Offering includes esteemed retailers Crumbl Cookie, Jersey Mike’s, Aspen Dental, and Starbucks with drive-thru, and is shadow-anchored by Chick-fil-A. The Offering has a high credit profile as Starbucks and Aspen Dental represent 80% of net operating income, and a strong weighted average lease term (WALT) remaining of over nine years.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Financing By

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