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For Sale
The PetSmart at Constant Friendship
The Court at Constant Friendship
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The H&R Retail Investment Sales Team is pleased to offer for sale Constant Friendship, a 20,087 square foot PetSmart and the adjacent 7,940 square feet of shop space near Aberdeen Proving Ground in Abingdon, Maryland. The center was built in 2008, is 100% leased and is situated among the area’s major big box tenants. The asking price for the PetSmart is $4.9 million (9.0% cap) and the asking price for the shops is $3.775 million (8.5% cap). These assets may be purchased separately or together in a package deal. |
Main Street Station, Purcellville, VA
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Main Street Station is a 79,100 sf Giant anchored neighborhood shopping center located in Purcellville, Loudoun County Virginia. It is comprised of a freestanding grocery store, a freestanding bank and a 20,101 square foot strip of shops. Giant has strong sales and a long term lease at Main Street Station (expires 7/31/2028). The asking price for this asset is $16.7 million. |
The Centre at Edgewater, Edgewater, MD
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The Centre at Edgewater is a 45,381 sf investment opportunity in Annapolis, Maryland. The property is fully leased to Gold’s Gym and Arby’s and both tenants have long term leases. The property has excellent traffic counts, good visibility and is very well located in a rapidly growing submarket. The asking price is $8,800,000, a 7.25% cap rate.
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Eastgate Centre, Greenbelt, MD
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We are pleased to present Eastgate Centre, a 141,760 square foot, Giant-anchored neighborhood shopping center, located in Greenbelt, Maryland. Situated approximately 10 miles northeast of Washington, DC, this asset provides qualified investors with a rare value-added opportunity in the Washington metropolitan area. Eastgate Centre provides excellent visibility and accessibility to the Greenbelt submarket, which boasts a well-educated workforce and solid demographics bolstered by the NASA Goddard Space Flight Center, the Nation’s largest organization of combined scientists and engineers. Giant has 20 years remaining on its lease.
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Diamond Point Plaza
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Diamond Point Plaza/Willow Retail Parcel is a 31.36 acre redevelopment opportunity in eastern Baltimore County. The offering is comprised of Diamond Point Plaza, an existing 251,000 square foot shopping center on 26.08 acres, and the separately owned, adjacent Willow Retail 5.28 acre parcel of land.
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Sold
Stone House Square, Hagerstown, MD
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Stone House Square is a 110,000-square-foot community shopping center located at the intersection of Leitersburg Pike (MD Rt. 60) and Cortland Drive in Hagerstown, Maryland. The center is was built in 2008 and is anchored by Weis Supermarkets and shadow-anchored by a Lowe’s Home Improvement store. The roughly 90% occupied center also is leased to national and regional tenants such as Chevy Chase Bank, Starbucks, Greene Turtle restaurant, & Friendly’s restaurant. |
Joppa Road, Baltimore, MD
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Joppa Road is a 4.09 acre redevelopment opportunity located at 1925 Joppa Road in Baltimore, Maryland. The site has a vacant 27,500 square foot former Giant Food and 11,875 square feet of vacant shop space. A pad at the property is ground leased to Checkers. |
Waverly Woods, Woodstock, MD
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Waverly Woods Village Center is a 103,547 square foot class A stabilized grocery anchored neighborhood shopping center. Located in the rapidly growing trade area of Woodstock, Howard County, Maryland, it was built in 2001 and is anchored by a 53,500 square foot Weis Supermarket. |
Lord Salisbury Center, Salisbury, MD
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Lord Salisbury Center is a 113,729 square foot Power Center built in 2005. It is located on Route 13 North in Salisbury, Maryland just north of The Centre at Salisbury, the Eastern Shore’s dominant regional mall. Anchor tenants include Ross Dress for Less, Marshalls, Bed Bath & Beyond and Old Navy. |
Hillcrest Heights, Hillcrest Heights, MD
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Hillcrest Heights Shopping Center is 93,982 square foot Neighborhood Center located in Temple Hills, Maryland. This Center is anchored by a Safeway grocery store and was a Value Added opportunity. |
Club Centre, Pikesville, MD
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Club Centre is 44,170 square foot Mixed Use complex located in the dynamic and well established trade area of Pikesville, Maryland. It was a Value Added opportunity. |
Spotsylvania Crossing, Fredericksburg, VA
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Spotsylvania Crossing is a 141,857 square foot Community Center on 11.16 acres in Fredericksburg, Virginia, one of the fastest growing areas in the Washington DC MSA and the Nation. It is anchored by a 90,912 square foot Kmart and shadow anchored by Giant Food and Value City. |
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Hoadly Marketplace is a 61,206 square foot Class A Neighborhood Shopping Center anchored by a 38,303 Bloom supermarket. It is located in Prince William County, Virginia, a rapidly growing submarket in the Washington DC MSA. |
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Lutherville Station is 270,431 square foot Mixed Use Center located in Lutherville, Maryland. Tenants at the center include Loehmann’s, The State of Maryland, Old Navy, Borders and Circuit City. |
Battleground Plaza, Greensboro, NC
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Battleground Plaza is a 145,625 square foot shopping center in Greensboro, North Carolina located on Battleground Avenue, one of Greensboro’s busiest streets. Built in 1988, tenants at the center include Gold’s Gym, Big Lots and Tuesday Morning. |
Walgreens, Dover, Delaware
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Located in Dover, Delaware, this 14,820 square foot Walgreens drug opened in the spring of 2008. The lease has a 75 year initial term and an annual rent of $359,000.
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This Net Lease Rite Aid is located on Plank Road (Route 3) and Five Mile Road extension in Fredericksburg, Virginia. The initial lease term expires in 2019 and has 6 5-year options. |
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