Hampstead Distribution Center For
500 Hanover Pike Hampstead, MD
500 Hanover Pike, Hampstead, MD, 00000
Contact for pricing
For Sale
Contact for pricing
210,000 SF distribution center with long-term NNN lease.
Property Size210,000 SF
Lot Size38.49 Acres
Price / SF$67.50
Days on Market807
Property Features for 500 Hanover Pike
General Information
- Standard status
- Active
- Size
- 210,000 SF
- Lot size
- 38.49 Acres
- Property subtype
- RETAIL
Listing agency
Northmarq | Atlanta
(918) 494-2692
Listed by
Chase Dominguez
(918) 494-2692
Source
Moodyscre
Added: May 6, 2024 Updated: Jul 6 at 10:11AM Checked: Jul 21 at 6:51AM
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 Northmarq | Atlanta
Investment Insights
Based on property information with market context.
This 210,000 square foot property is available for sale. It features a long-term, passive income stream with a 15-year absolute NNN lease and annual escalations guaranteed by Tailored Shared Services, a wholly owned subsidiary of Tailored Brands Inc., owner of Men’s Wearhouse, Jos. A. Bank, K&G Fashion Superstore, and Moores. The facility operates as a national tailoring shop and distribution center, making it a mission-critical location for Tailored Brands Inc. The property benefits from its proximity to Interstate 795 via Maryland Route 30, providing excellent facility access. The tenant has a diverse customer base across brands and a leading position in formal wear.
Key Highlights
- Long‑term, passive income with a 15‑year absolute NNN lease.
- Annual escalations guaranteed by Tailored Shared Services, a wholly owned subsidiary of Tailored Brands Inc.
- Mission critical location as a national tailoring shop and distribution center for Tailored Brands Inc.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.74M | $8.28 |
| − Vacancy | −$15.6k | −$0.07 |
| EGI | $1.72M | $8.21 |
| − OpEx | −$516.9k | −$2.46 |
| NOI | $1.21M | $5.74 |
210,000 SF · lease $8.28/SF/yr · vacancy 0.90% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$20.92M
$18.31M – $24.41M
NOI $1,464,678 @ 7.0% cap · market cap 10.33%
Second Best
Industrial
$17.23M
$15.08M – $20.10M
NOI $1,206,206 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$77.88M
$68.14M – $90.86M
NOI $5,451,526 @ 7.0% cap · market cap 38.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jos. A. Bank Distribution ...
Warehouse & Storage
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - 210,000 SF distribution center with long-term NNN lease.
Where is this distribution center located?
The property is located at 500 Hanover Pike Hampstead, MD.
What is the asking price?
The asking price for this property is $14,175,000.
What are key features of this property?
This property features: Long‑term, passive income with a 15‑year absolute NNN lease.; Annual escalations guaranteed by Tailored Shared Services, a wholly owned subsidiary of Tailored Brands Inc.; Mission critical location as a national tailoring shop and distribution center for Tailored Brands Inc.
