ATTRACTIVE LEASE FUNDAMENTALS
- 5% Rental Increases every 5 Years
- Twelve (12) 5 (5) year extensions
- Abs. NNN Lease, Zero Landlord Responsibilities
- Corporate Lease - Walgreens Co
POSITIONED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site is more than 1.1M SF of retail Space with a vacancy rate of 1.8%
- Nearby national retailers include: Target, Safeway, Petco, Walmart Supercenter, Lowe’s Home Improvement, and more
WASHINGTON, DC MSA
- La Plata, MD was one of the fastest growing communities in Maryland last year with an annual growth rate of 4.74%
- The Washington, DC MSA as a whole has increased by 1.4% YOY
- The Washington, DC MSA is the 7th most populous MSA in the United States with over 6.3 Million people
HARD CORNER SITE SURROUNDED BY NEW DEVELOPMENT
- Site is located at the busy lighted intersection of Crain Hwy (41.3K VPD) and Hawthorne Rd (4,432 VPD) with access off of both roads
- More than 474 residential units under construction near the site
- Per La Plata City, there are over 2,000 residential units set to begin construction surrounding the site with the final plats approved
AFFLUENT SURROUNDING DEMOGRAPHICS
- AHHI exceeds $115K in a 1-mile radius, $28K in 3-mile radius, and $134K in a 5-mile radius
- La Plata is a very densely populated and wealthy community with high discretionary income