Centreville Plaza | Grocery-Anchored Investment Opportunity

Highlights:

• Anchored by an established Acme-Albertsons-owned Safeway and ACME markets are prominent players in the Mid-Atlantic region, including Maryland, and are among the top three most-visited chains.
• Located in Centreville MD on the Eastern Shore of Maryland in Queen Anne’s County on the Delmarva Peninsula and is the county seat. With close proximity to the Maryland and Delaware beaches, Centerville is an ideal location for easy access to Baltimore, Annapolis and Washington DC.
• With six, 5-year options with 10% bumps in each option, there is built in rent growth for this well located Acme Net Ground lease.
• Centreville Plaza has substantial rent growth opportunity with lease up of vacant space and anchor tenant rent increases.
• Also, an open pad space opportunity exists for potential future development, further enhances rent growth.
• Well-situated next to the Queen Anne’s County High School and County YMCA, the center benefits from heavy local traffic.

Description:

Matthews Real Estate Investment Services is pleased to offer the opportunity to acquire Centreville Plaza - a ±58,686 SF neighborhood center, grocery-anchored by a high-performing Acme (Albertson’s) and located in Centreville, MD on the Eastern shore of Maryland.

LOCATION STRENGTHS
• Well-located in Centreville, next to the County High School and County YMCA, benefiting from heavy local traffic.
• Situated on Hwy 304 bisecting The City of Centreville with the only Fuel Station on this side of town.

PROPERTY STRENGTHS
• Excellent surrounding demographics are highlighted by an Avg. HH Income of $130,000+ within a 3 and 5 mile radius. There is a projected annual growth over the next 5 years as well.
• Great rent growth opportunity in the Anchor lease and pad opportunity.

TENANCY/ FINANCIAL STRENGTHS
• Anchored by an extremely strong Albertsons credit.

Documents: