Stabilized Retail Investment
$1,750,000
- ~345 m² Total surface
- ~345 m² Living area
Description
UPDATE: Newly renegotiated lease with 5% escalation | 7.32% Cap Rate
Available for the first time in 70 years, 7605-7609 Marlboro Pike is a ±3,710 SF fully-leased retail asset offering immediate, high-performance cash flow. The property is 100% occupied by long-term tenants, recently bolstered by a newly renegotiated lease for the nail salon suite featuring 5% annual rent escalations. This lease structure provides a superior yield-on-cost and protection against inflation, supporting a robust 7.32% Cap Rate at the $1,750,000 list price.
Positioned on a high-visibility corridor (31,000 VPD) within a Prince George’s County revitalization zone, the asset has maintained a legendary 0% vacancy rate under family ownership since 1956. This is a premier 1031 exchange opportunity, offering rare stability combined with aggressive rental growth.
For investors, this translates into a compelling profile:
- In-place income today
- Basis below replacement cost in a transitioning corridor
- Exposure to a multi-year redevelopment initiative backed by local planning authorities
Please do not disturb tenants. Notify advisor if you require access inside each shop.
Property details
Property type
Store
Parking spaces
20
Total surface
~345 m²
Living area
~345 m²
Your shop
Engel & Völkers
Provider:
Greenline Real Estate LLC
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