Multi-Tenant Retail & Urgent Care
For Sale
Contact for pricing
Pending
10981 Johns Hopkins Rd, Laurel, MD 20723
Three established tenants anchor the center, with CAM expense reimbursement and scheduled rent increases.
Property SizeContact for details
Days on Market145
Property Features for 10981 Johns Hopkins Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
David Weinberg · License #MI 6501339495
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Aug 31 at 11:28PM
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
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 46%
Hotels & Casinos 6%
Exxon
Shops & Services
12,667 visits/mo
0.2 miles
Starbucks
Dining
10,469 visits/mo
0.1 miles
Dunkin' Donuts
Dining
3,814 visits/mo
0.3 miles
Truist
Shops & Services
3,149 visits/mo
0.2 miles
SUBWAY
Dining
2,373 visits/mo
0.3 miles
Demographics for 20723, MD
35,353
Population
12,866
Households
2.7
Avg Household Size
36
Median Age
60%
College-Educated
93%
High-School Grad
13.0 sq mi
ZIP Area
2,719
Density / Sq Mi
$129,870
Median Household Income
$66,337
Median Earnings
$1,986
Median Rent
$508,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
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
