Multi-Tenant Retail & Urgent Care
10981 Johns Hopkins Rd Laurel, MD 20723
10981 Johns Hopkins Rd, Laurel, MD, 20723
Contact for pricing
For Sale
Contact for pricing
Pending
Three established tenants anchor the center, with CAM expense reimbursement and scheduled rent increases.
Days on Market103
Property Features for 10981 Johns Hopkins Rd
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Detroit
Listed by
David Weinberg · License #MI 6501339495
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 2:46AM Checked: Jul 21 at 2:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
The property is a multi-tenant shopping/retail and medical center with three institutionally desired tenants: Chick-Fil-A, Starbucks, and FirstCall Urgent Care. Each tenant includes a parent company guarantee, and the urgent care clinic also has personal guarantees. Lease terms include rent increases for each tenant, with FirstCall featuring annual 2% increases through current lease and options, Chick-Fil-A including 12.50% rent increases in each option, and Starbucks including 12.00% rent increases in each option. All tenants fully reimburse CAM expenses, and management fee structures are specified for Starbucks and FirstCall.
The center offers ingress and egress on Johns Hopkins Road and Price Manor Road. It is positioned just west of the John Hopkins exit of US-29 (Columbia Pike). The property is described as located across the street from, and surrounded by, Johns Hopkins University Applied Physics Laboratory (APL) campus.
As presented, the asset also benefits from adjacent raw land purchased by Johns Hopkins in 2015 for future long-term development under its master plan.
The center offers ingress and egress on Johns Hopkins Road and Price Manor Road. It is positioned just west of the John Hopkins exit of US-29 (Columbia Pike). The property is described as located across the street from, and surrounded by, Johns Hopkins University Applied Physics Laboratory (APL) campus.
As presented, the asset also benefits from adjacent raw land purchased by Johns Hopkins in 2015 for future long-term development under its master plan.
Key Highlights
- Three tenants: Chick‑Fil‑A, Starbucks, and FirstCall Urgent Care, with parent company guarantees and personal guarantees on the urgent care clinic
- Scheduled rent increases in place: FirstCall includes annual 2% increases through current lease and options
- Lease rent growth details: Chick‑Fil‑A includes 12.50% rent increases in each option; Starbucks includes 12.00% rent increases in each option
Property Analytics
Location Intelligence
Current Use by Public Records
Lauren Cano
Physician
FirstCall Medical Center ...
Medical Clinic
Sarah Zaheer
Pediatrician
Dr. Arvind Narasimhan
Physician
Dr. Joseph Gibbons
Physician
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FAQs
What type of property is this?
Shopping center - Three established tenants anchor the center, with CAM expense reimbursement and scheduled rent increases.
Where is this shopping center located?
The property is located at 10981 Johns Hopkins Rd Laurel, MD.
What are key features of this property?
This property features: Three tenants: Chick‑Fil‑A, Starbucks, and FirstCall Urgent Care, with parent company guarantees and personal guarantees on the urgent care clinic; Scheduled rent increases in place: FirstCall includes annual 2% increases through current lease and options; Lease rent growth details: Chick‑Fil‑A includes 12.50% rent increases in each option; Starbucks includes 12.00% rent increases in each option
