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Neighborhood Retail Center
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3901 Aspen Hill Rd, Silver Spring, MD 20906

Neighborhood center totaling 220,154 SF, anchored by Kohl’s, Michaels, and Walgreens.

Space SizeContact for details
Days on Market38

Property Features for 3901 Aspen Hill Rd

General Information

Standard status Active
Class B
Property subtype retail

Site & Location

Traffic Count 36,820 vehicles/day
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: JLL | Washington DC
Listed By: Andy Corno · License #636848
Source: Property.jll
Added: Jul 16 Changed: Aug 17 Last Checked: Aug 21 at 4:03AM

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 JLL | Washington DC

Investment Insights

Based on property information with market context.

This neighborhood retail center totals 220,154 SF and is anchored by Kohl’s, Michaels, and Walgreens. The property is described as an outstanding location at a major crossroads, with strong built-in tenant draw from the existing anchors.

The center is positioned at the intersection of Connecticut Ave and Georgia Ave. Connecticut Ave is listed at 36,820 VPD and Georgia Ave at 35,079 VPD, supporting visibility and convenient customer access.

The property also notes excellent ingress and egress from major arteries, which can support straightforward operations and customer flow for retail tenants.

Key Highlights

  • Neighborhood center totaling 220,154 SF anchored by Kohl’s, Michael’s, and Walgreens
  • Located at the crossroads of Connecticut Ave (36,820 VPD) and Georgia Ave (35,079 VPD)
  • Excellent ingress/egress from all major arteries

Property Analytics

Current Use

Walgreens Pharmacy Northgate Plaza Shopping Center & Mall Kohl's Department Store SEPHORA at Kohl's Cosmetic Store Coinhub Bitcoin ATM ... Atm

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36,820 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby
444k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 34% Dining 30% Home Improvements & Furnishings 19% Groceries 13%
The Home Depot Home Improvements & Furnishings
75,000 visits/mo 0.3 miles
Giant Groceries
57,058 visits/mo 0.1 miles
Michaels Shops & Services
33,097 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
26,591 visits/mo 0.3 miles
Five Below Shops & Services
24,832 visits/mo 0.2 miles

Demographics for 20906, MD

71,641
Population
27,423
Households
2.6
Avg Household Size
41
Median Age
42%
College-Educated
87%
High-School Grad
12.7 sq mi
ZIP Area
5,641
Density / Sq Mi
$92,964
Median Household Income
$46,172
Median Earnings
$1,945
Median Rent
$440,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Northgate Plaza 3901 Aspen Hill Rd, Aspen Hill, MD 20906
  • Aspen Manor 13717 Georgia Ave, Aspen Hill, MD 20906
  • Coinstar Kiosk - Bitcoin ATM 13781 Connecticut Ave Giant, Silver Spring, MD 20906
  • Aspen Hill Shopping Center 13661 Connecticut Ave, Silver Spring, MD 20906

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood center totaling 220,154 SF, anchored by Kohl’s, Michaels, and Walgreens.
Where is this shopping center located?
The property is located at 3901 Aspen Hill Rd Silver Spring, MD.
What are key features of this property?
This property features: Neighborhood center totaling 220,154 SF anchored by Kohl’s, Michael’s, and Walgreens; Located at the crossroads of Connecticut Ave (36,820 VPD) and Georgia Ave (35,079 VPD); Excellent ingress/egress from all major arteries
More about this property
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