5960 Belair Rd - Storefront FOR SALE


Baltimore, MD 21206- Glenham-Bedford
$4,050,000 USD
410-560-3970
5960 Belair Rd, Baltimore, MD for Sale
$4,050,000 USD
Storefront - FOR SALE
1/7
null | 6.55% Cap Rate

5960 Belair Rd
Baltimore, MD 21206
Glenham-Bedford


HIGHLIGHTS

  • Purpose Built Neighborhood Retail Center
  • Shadow-Anchored
  • Corporately guaranteed NNN leases with 10-year track record of occupancy

OVERVIEW

We are pleased to exclusively present for sale the offering of the fee simple interest in Belair Crossing, a shadow-anchored, newly constructed 12,800 SF retail center located in Baltimore City, Maryland. To accommodate a growing retail market, the center was 100% pre-leased to PNC and Dollar Tree prior to its construction in the Fall of 2015. Both tenants have recently executed their first Five-Year renewal option after a successful 10-year initial term. The Property also enjoys the benefits of its co-tenancy with Dunkin and the newly constructed and anticipated LIDL Supermarket.

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$316 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Convenience Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,622 SF

ZONING

C-3

APN/PARCEL ID

5695E-002

ASK ABOUT THIS PROPERTY

Bradley ShapiroJabber Five Real Estate GroupMore Info
410-560-3970

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

Bradley ShapiroJabber Five Real Estate GroupMore Info
410-560-3970

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