3716 Crain Hwy - Storefront FOR SALE


Waldorf, MD 20603- St. Charles
$12,485,000 USD
202-286-1542
3716 Crain Hwy, Waldorf, MD for Sale
$12,485,000 USD
Storefront - FOR SALE
1/10
null | 6.5% Cap Rate

3716 Crain Hwy
Waldorf, MD 20603
St. Charles


HIGHLIGHTS

  • 93% Occupied | Recent 10-Year Leases Signed | 8.1 Year Walt
  • Strong Demographics in 5-Mile Trade Area | $100M Kaiser Facility
  • Signalized, Hard Corner Intersection | Excellent Visibility

OVERVIEW

SRS Capital Markets is pleased to present the opportunity to acquire the Waldorf Park In-Line Shops, a 22,425 square foot, high-quality multi-tenant retail strip center located in Waldorf, Maryland, a rapidly growing suburb of the Washington, D.C. metropolitan area. The property is currently 93% leased to a curated mix of essential, service-oriented, and exclusive lifestyle tenants. A total of 12 tenants occupy 20,779 square feet, with one suite totaling 1,646 square feet (7% of GLA) currently vacant, providing investors with near-term upside through lease-up. The tenant lineup is anchored by multiple recently executed 10-year leases, reflecting strong tenant demand and long-term commitment to the site. All the tenants operate under NNN leases and reimburse both management and administrative fees, significantly reducing expense leakage and providing efficient cash flow for a future investor. The in-place leases feature annual contractual rent increases of 2% to 3.5%, and the asset boasts a strong weighted average lease term (WALT) of 8.1 years. The asset is strategically positioned at the signalized intersection of Robert S. Crain Highway (U.S. Route 301) and Smallwood Drive, which is used by more than 68,000 vehicles per day. Waldorf Park Inline Shops benefits from exceptional visibility, access, and foot traffic within one of Southern Maryland’s highest-performing retail corridors. The center is shadow-anchored by Chick-fil-A and flanked by high-volume national retailers such as Starbucks, Crumbl Cookies (top 96th percentile nationwide, per Placer.ai), and Aspen Dental (tenants are not included in sale). Furthermore, the asset is adjacent to the Simon owned St. Charles Towne Center, a 1,101,000 SF super regional mall anchored by Kohl’s, Macy’s, AMC, Dick’s Sporting Goods, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The asset is located in Charles County, a fast-growing, affluent suburb of Washington, D.C., and within a 5-mile radius, there are over 102,000 residents and 34,000 daytime employees who boast affluent average household incomes exceeding $126,000. The region is further bolstered by a planned $100 million Kaiser Permanente medical center just 0.6 miles from the site, which is expected to deliver in 2026 and add a major daytime population anchor, further illustrating the strength of the immediate trade area (see page 8 for more details on the Kaiser Development).

FOR SALE DETAILS

PRICE

$12,485,000 USD

PRICE/SF

$557 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waldorf Park Inline Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

PUD

APN/PARCEL ID

06-033024,06-360926

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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