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Off Market
1/1

45033-45035 Worth Ave
California, MD 20619


HIGHLIGHTS

  • Five Below, Inc. Corporate Guaranteed Lease (NASDAQ: FIVE)
  • Part of First Colony Shopping Center Anchored by Target, Lowe’s Home Improvement, CVS, BJ’s Wholesale, Michaels & Staples
  • Prominent Retail Location on Highway 235 (“Three Notch Road”) at the Junction of Maryland Route 4
  • Growing Community with 27% Population Growth Since 2000
  • Average Household Income of $110,570 within a 3 Mile Radius – More than Double the National Average
  • Located on the Chesapeake Bay in Southern Maryland, 50 Miles South of Washington DC and 45 Miles from Alexandria, VA

OVERVIEW

The subject property is prominently situated with excellent access and visibility along Highway 235 (“Three Notch Road” with 22,675 AADT) adjacent to its junction with Maryland State Route 4 (15,750 AADT). Highway 235 cuts through the center of California and serves as the main business artery and transportation corridor. The property benefits from robust, rapidly growing demographics; the population of the community has grown over 27% since 2000. The current population is 46,653 in a 5-mile radius with an average household income of $110,570 in a 3-mile radius – approximately twice the national average. The site benefits from a prominent retail location in close proximity to numerous shopping centers, major retail tenants, and large employers. The Property is a part of First Colony Shopping Center Anchored by Target, Lowe’s Home Improvement, CVS, BJ’s Wholesale, Michaels & Staples. Other Co-tenants include: Chick-fil-A, Burger King, Pier 1, Verizon, Tires Plus, Wawa, Bob Evans, SunTrust & California Wine & Spirits and more. Other nearby retail tenants include Walmart Supercenter, Ross Dress for Less, Old Navy, Petco, Best Buy, Hobby Lobby, Advance Auto, Panera Bread, Five Guys, Dunkin’, McDonald’s, Applebee’s, Wendy’s, Popeye’s and more. This property is listed in conjunction with Maryland-licensed real estate broker Segall Group.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Five Below

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

23577

STORIES

1

YEAR BUILT

2001

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

08-135983,08-179870