Fort Washington, MD - Giant

Description:

1.1M Annual Visits | 14th Most Visited Giant Nationwide | 200,000+ Residents | 15 Years Remaining SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Giant investment property located in Fort Washington, MD. The tenant, Giant, has 15 years remaining on their lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The rent increases by roughly $1 per square foot every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to the roof & structure making it an ideal, limited management investment opportunity for an out of state investor. The Giant is the anchor tenant of Livingston Square, a newly redeveloped 71,000+ SF shopping center located along Indian Head Hwy (US Rt 210) with 80,000 VPD. Indian Head Highway is the primary thoroughfare connecting Washington D.C. with the Fort Washington & Oxon Hill submarkets. Per Placer.AI this Giant ranks in the 93rd percentile of all grocery stores nationwide, and is the 27th most visited grocery store in the state (27/631) (11th most visted Giant). Livingston Square ranks in the 85th percentile of all Shopping Centers nationwide, according to Placer.AI. Giant has very limited competition in the market, with only two other grocery stores within 3 miles of this site. There are more than 209,000 residents in the surrounding 5-miles, with an average household income greater than $150,000, providing a large consumer base in which to pull from.

The Giant is the anchor tenant of Livingston Square, a newly redeveloped 71,000+ SF shopping center located along Indian Head Hwy (US Rt 210) with 80,000 VPD. Indian Head Highway is the primary thoroughfare connecting Washington D.C. with the Fort Washington & Oxon Hill submarkets. Per Placer.AI this Giant ranks in the 93rd percentile of all grocery stores nationwide, and is the 27th most visited grocery store in the state (27/631) (11th most visted Giant). Livingston Square ranks in the 85th percentile of all Shopping Centers nationwide, according to Placer.AI. Giant has very limited competition in the market, with only two other grocery stores within 3 miles of this site. There are more than 209,000 residents in the surrounding 5-miles, with an average household income greater than $150,000, providing a large consumer base in which to pull from.

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