Pikesville, MD - Pikesville Center

Description:

• Walgreens anchored center providing for 89% of the base rental income and occupies 75% of the GLA
• Additional tenants include ASAP Cleaners, Gage Court Clothiers, and Girlkin Lashes
• ASAP Cleaners and Girlkin Lashes have more than 4 years remaining on their lease terms
• Scheduled annual rental increases for ASAP Cleaners and Girlkin Lashes, steadily growing NOI and hedging against inflation
• Stabilized asset at 100% occupancy

• The subject property is located at the signalized hard corner intersection of Reisterstown Road and Old Court Road with a combined 63,600 VPD
• Dense retail corridor with nearby national/credit tenants including Target, Giant Food, Staples, Sherwin-Williams, Advance Auto Parts, & more
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000001fcyPYAQ