10280 Mill Run Cir - Freestanding FOR SALE


Owings Mills, MD 21117
$19,000,000 USD
404-441-3849
10280 Mill Run Cir, Owings Mills, MD for Sale
$19,000,000 USD
Freestanding - FOR SALE
1/8
null | 5.65% Cap Rate

10280 Mill Run Cir
Owings Mills, MD 21117


HIGHLIGHTS

  • NNN ground lease with corporate guaranty from Lowe's Companies, Inc. (NYSE: LOW, S&P: BBB+).
  • The lease includes 7.5% rent increases in the eight, 5-year renewal options.
  • Co-anchor to 620,000 SF Mill Station Power Center | Costco, Giant, AMC Theaters, Burlington, Marshall's, HomeSense, PetSmart, etc.
  • There is a built-in customer base in the immediate area with over 6,942 households in 1 mile.
  • The MSA holds 5.0 MSF of retail space, 5.9 MSF of office space, 1.1 MSF industrial space, and 13,375 multifamily units within 3-miles.
  • 12 miles from Downtown Baltimore (MSA Population: 2.87M+).

OVERVIEW

CBRE is pleased to exclusively offer for sale the ±13.6-year NNN Lowe’s ground lease situated on 10.99 acres in Owings Mills, Maryland, a component of the Baltimore-Columbia Towson, Maryland MSA (Population: 2.87 million). The lease features a corporate guaranty from Lowe’s Companies, Inc. (S&P: BBB+) and 7.5% rent increases among the eight, 5-year renewal options. Built in 2019, Lowe’s 111,238-square-foot building co-anchors the 620,000-square-foot Mill Station power center, which is also home to Costco Wholesale, Giant, AMC Theatres, Burlington, Marshall, HomeSense, PetSmart, and more.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowe's Home Improvement

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.99 AC

LAND SF

478,724 SF

ZONING

BM

APN/PARCEL ID

04-2300004129,04-2400011801

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.