Waldorf, MD (Washington, D.C. MSA) - Waldorf Park Inline Shops

Description:

SRS Capital Markets is pleased to present the opportunity to acquire the Waldorf Park In-Line Shops, a 22,425 square foot, high-quality multi-tenant retail strip center located in Waldorf, Maryland, a rapidly growing suburb of the Washington, D.C. metropolitan area. The property is currently 93% leased to a curated mix of essential, service-oriented, and exclusive lifestyle tenants. A total of 11 tenants occupy 19,156 square feet, with two suites totaling 3,269 square feet (15% of GLA) currently vacant, providing investors with near-term upside through lease-up. The tenant lineup is anchored by multiple recently executed 10-year leases, reflecting strong tenant demand and long-term commitment to the site. All the tenants operate under NNN leases and reimburse both management and administrative fees, significantly reducing expense leakage and providing efficient cash flow for a future investor. The in-place leases feature annual contractual rent increases of 2% to 3.5%, and the asset boasts a strong weighted average lease term (WALT) of 8.1 years.

The asset is strategically positioned at the signalized intersection of Robert S. Crain Highway (U.S. Route 301) and Smallwood Drive, which is used by more than 68,000 vehicles per day. Waldorf Park Inline Shops benefits from exceptional visibility, access, and foot traffic within one of Southern Marylands highest-performing retail corridors. The center is shadow-anchored by Chick-fil-A and flanked by high-volume national retailers such as Starbucks, Crumbl Cookies (top 96th percentile nationwide, per Placer.ai), and Aspen Dental (tenants are not included in sale). Furthermore, the asset is adjacent to the Simon owned St. Charles Towne Center, a 1,101,000 SF super regional mall anchored by Kohl's, Macy's, AMC, Dick's Sporting Goods, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site.

The asset is located in Charles County, a fast-growing, affluent suburb of Washington, D.C., and within a 5-mile radius, there are over 102,000 residents and 34,000 daytime employees who boast affluent average household incomes exceeding $126,000. The region is further bolstered by a planned $100 million Kaiser Permanente medical center just 0.6 miles from the site, which is expected to deliver in 2026 and add a major daytime population anchor, further illustrating the strength of the immediate trade area (see page 8 for more details on the Kaiser Development).