3360 Crain Hwy, Waldorf, Md

$5,500,000

Price

5.56%

Cap Rate

$305,606

NOI

Gallery
Street
Map
Overview
Cap Rate
5.56%
NOI
$305,606
Building Size
11,940 sqft
Year Built
1992
Price Per Sqft
$460.64
Zoning
CB
Description

Fully stabilized and Income Producing Multi-Tenant Retail Shopping Center For Sale. Current Net Operating Income (NOI) is $305,606. Shopping center consists of 11,800 SF of rentable space on 1.2 acres of land. The Center was built in 1992 and has 3 solid long-term tenants. Mattress Warehouse, large regional tenant since 2002; DXL (formally Men's Warehouse), national tenant since 1992; Pawnshop/Jewelry Store, tenant since 2013. The Pawn Shop /Jewelry store is a solid local tenant and the current operator owns 3 additional locations. This sale is subject to a 1031 Exchange. Seller has identified a replacement property already. Rent Roll available upon request.

Highlights
  • Days on Market: 386
  • Parking Features: Paved Parking, Public, Surface
  • Heating: Central
Location
Gallery