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Shopping Strip

Panda Express/Five Guys/Jersey Mike's Shops

6019 Oxon Hill Rd, Oxon Hill (Washington DC), MD 20745

Listing Price: $11,225,000

Cap Rate
5.15%
Gross SF
15,700
Rentable SF
15,700
Price/Gross SF
$714.97
Lot Size
1.62 acres
Year Built
2020

Investment Overview

Panda Express is an American fast food restaurant chain serving American-Chinese cuisine. With over 2,200 locations, 40,000 associates, and $3 billion in sales, it is the largest family-owned and operated Asian dining concept in the United States. Panda Express also operates in Canada, Guatemala, Japan, Mexico, El Salvador, the Philippines, South Korea, and the United Arab Emirates. Jersey Mike’s Subs is an American fast casual sub sandwich chain headquartered in Manasquan, New Jersey. The Jersey Mike’s story began in 1956 when Mike’s Subs opened in the seaside town of Point Pleasant, New Jersey. In the early 1970s, Peter Cancro, a 17-year-old employee of Mike’s Subs, purchased the small sandwich shop. Today, Peter Cancro is the CEO of Jersey Mike’s Franchise Systems, Inc., 1,910 locations open and about 124 more in development across the United States, in addition to three locations in Queensland, Australia, and two in Ontario, Canada. Five Guys Burgers and Fries (“Five Guys”) is an American fast casual restaurant chain focused on hamburgers, hot dogs, and french fries. The first Five Guys location opened in 1986 in Arlington, Virginia. By 2001, there were five Five Guys locations in the Washington, D.C. metropolitan area. Today, Five Guys has expanded to more than 1,500 locations across the United States, Canada, United Kingdom, Europe, Asia, and the Middle East. Five Guys has developed a cult-like following around the world thanks to its hand-formed burgers cooked to perfection on a grill, along with fresh-cut fries cooked in pure peanut oil. Located southest of Washington DC’s downtown district, and directly east of Alexandria, Virginia, Oxon Hill is an unincorporated area and census-designated place (CDP) in southern Prince George’s County, Maryland. The community of Oxon Hill is bisected by the busy Interstate-95/495 Capital Beltway and is also the location of National Harbor, a major development on the Potomac River: a 7,300,000-square-foot mixed-use community including 2,500 residential units, 4,000 hotel rooms, 1,000,000 square feet of retail, upscale dining, and entertainment, and 500,000 square feet of class-”A” office space, along with one of the largest marinas on the Potomac and the 2,000 room Gaylord National Resort & Convention Center, the largest hotel in the entire Washington area. Washington DC is a thriving marketplace and commercial hub. More than 100 academic institutions operate programs and degrees in this region, which attracts and retains a talented workforce. In addition, the DC region is home to 400 international associations and 1,000 internationally owned companies. The region is home to 15 Fortune 500 companies, including Hilton Worldwide, Capitol One, Fannie Mae, Lockheed Martin, and Marriott International. Tourism is another thriving economic sector in the area. In 2019, the metro saw 24.6 million visitors, an increase of 3.4 percent from the year prior, with total spending over $8.2 billion.

Investment Highlights

  • 100 Percent Leased to Diverse Tenant Profile of Major National Retailers – 14 Miles Outside of Washington DC
  • Rental Increases and Renewal Options on All Lease Terms
  • Shared Ingress/Egress with Home Depot (11th Most Visited Location Out of 41 in Maryland and Top 25 Percent Most Visited Nationally) and Rivertowne Commons
  • Excellent Visibility Along Oxon Hill Road (31,881 Cars per Day) and Interstate-95/495 Capital Beltway (151,600 Cars per Day)
  • Located in Dense Retail Corridor with National Tenants - The Home Depot, PetSmart, McDonald's, Burger King, AMC, Ross, Safeway, and More
  • Average Annual Household Income Exceeds $104,479 Within Five Miles of the Subject Property
  • Under Two Miles from MGM National Harbor ($1.4 Billion Resort) and Tanger Outlets (Shopping-Mall Chain with 84 Brand-Name and Designer Outlet Stores)
  • Dense Daytime Population of 1,326,622 Employees in the Immediate Area

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Shopping Strip

Panda Express/Five Guys/Jersey Mike's Shops

Listing Price: $11,225,000

Cap Rate
5.15%
Gross SF
15,700
Rentable SF
15,700
Price/Gross SF
$714.97
Lot Size
1.62 acres
Year Built
2020

Investment Highlights

  • 100 Percent Leased to Diverse Tenant Profile of Major National Retailers – 14 Miles Outside of Washington DC
  • Rental Increases and Renewal Options on All Lease Terms
  • Shared Ingress/Egress with Home Depot (11th Most Visited Location Out of 41 in Maryland and Top 25 Percent Most Visited Nationally) and Rivertowne Commons
  • Excellent Visibility Along Oxon Hill Road (31,881 Cars per Day) and Interstate-95/495 Capital Beltway (151,600 Cars per Day)
  • Located in Dense Retail Corridor with National Tenants - The Home Depot, PetSmart, McDonald's, Burger King, AMC, Ross, Safeway, and More
  • Average Annual Household Income Exceeds $104,479 Within Five Miles of the Subject Property
  • Under Two Miles from MGM National Harbor ($1.4 Billion Resort) and Tanger Outlets (Shopping-Mall Chain with 84 Brand-Name and Designer Outlet Stores)
  • Dense Daytime Population of 1,326,622 Employees in the Immediate Area

Investment Overview

Panda Express is an American fast food restaurant chain serving American-Chinese cuisine. With over 2,200 locations, 40,000 associates, and $3 billion in sales, it is the largest family-owned and operated Asian dining concept in the United States. Panda Express also operates in Canada, Guatemala, Japan, Mexico, El Salvador, the Philippines, South Korea, and the United Arab Emirates. Jersey Mike’s Subs is an American fast casual sub sandwich chain headquartered in Manasquan, New Jersey. The Jersey Mike’s story began in 1956 when Mike’s Subs opened in the seaside town of Point Pleasant, New Jersey. In the early 1970s, Peter Cancro, a 17-year-old employee of Mike’s Subs, purchased the small sandwich shop. Today, Peter Cancro is the CEO of Jersey Mike’s Franchise Systems, Inc., 1,910 locations open and about 124 more in development across the United States, in addition to three locations in Queensland, Australia, and two in Ontario, Canada. Five Guys Burgers and Fries (“Five Guys”) is an American fast casual restaurant chain focused on hamburgers, hot dogs, and french fries. The first Five Guys location opened in 1986 in Arlington, Virginia. By 2001, there were five Five Guys locations in the Washington, D.C. metropolitan area. Today, Five Guys has expanded to more than 1,500 locations across the United States, Canada, United Kingdom, Europe, Asia, and the Middle East. Five Guys has developed a cult-like following around the world thanks to its hand-formed burgers cooked to perfection on a grill, along with fresh-cut fries cooked in pure peanut oil. Located southest of Washington DC’s downtown district, and directly east of Alexandria, Virginia, Oxon Hill is an unincorporated area and census-designated place (CDP) in southern Prince George’s County, Maryland. The community of Oxon Hill is bisected by the busy Interstate-95/495 Capital Beltway and is also the location of National Harbor, a major development on the Potomac River: a 7,300,000-square-foot mixed-use community including 2,500 residential units, 4,000 hotel rooms, 1,000,000 square feet of retail, upscale dining, and entertainment, and 500,000 square feet of class-”A” office space, along with one of the largest marinas on the Potomac and the 2,000 room Gaylord National Resort & Convention Center, the largest hotel in the entire Washington area. Washington DC is a thriving marketplace and commercial hub. More than 100 academic institutions operate programs and degrees in this region, which attracts and retains a talented workforce. In addition, the DC region is home to 400 international associations and 1,000 internationally owned companies. The region is home to 15 Fortune 500 companies, including Hilton Worldwide, Capitol One, Fannie Mae, Lockheed Martin, and Marriott International. Tourism is another thriving economic sector in the area. In 2019, the metro saw 24.6 million visitors, an increase of 3.4 percent from the year prior, with total spending over $8.2 billion.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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