611 Railroad Ave - Freestanding FOR SALE
Centreville, MD 21617 |
$7,238,000 USD
703-559-7190
611 Railroad Ave
Centreville, MD 21617
HIGHLIGHTS
- Anchored by an established Acme-Albertsons-owned Safeway and ACME markets are prominent players in the Mid-Atlantic region
- Located in Centreville MD on the Eastern Shore of Maryland in Queen Anne’s County on the Delmarva Peninsula and is the county seat
- With six, 5-year options with 10% bumps in each option, there is built in rent growth for this well located Acme Net Ground lease.
- Centreville Plaza has substantial rent growth opportunity with lease up of vacant space and anchor tenant rent increases.
- Also, an open pad space opportunity exists for potential future development, further enhances rent growth.
FOR SALE DETAILS
PRICE
$7,238,000 USD
PRICE/SF
$123 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Centreville Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
376
LAND DETAILS
LAND ACRES
10.95 AC
LAND SF
476,982 SF
ZONING
B
APN/PARCEL ID
03-034631
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703-559-7190
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703-559-7190
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