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Retail Space with Anchor and Junior Anchor Options
For Lease
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3022-3068 Festival Way, Waldorf, MD 20601

Join a strong apparel co-tenancy with anchor, junior anchor, and small shop space available at a high-traffic Waldorf intersection.

Space Size5,520 SF
Days on Market1219

Property Features for 3022-3068 Festival Way

General Information

Standard status Active
Size 5,520 SF
Property subtype RETAIL

Site & Location

Anchor Co-Tenants HomeGoods, PetSmart, Bob’s Discount Furniture, Staples, Michaels, Ross Dress for Less, Ulta, TJ Maxx, Party City, Christmas Tree Shops and That, LA Fitness
Highway Access Yes

Building Details

Tenancy Multi

Spaces For Lease

at 3022-3068 Festival Way Contact us

The Shops at Waldorf Center

Floor
1
Size
5,520 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Located at the busiest intersection in Southern MD (Route 301 and Route 228) -...
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Listing Agency: H&R Retail - Washington, DC
Listed By: Ray Schupp · License ##0225077939
Source: Moodyscre
Added: May 15, 2023 Changed: Sep 12 Last Checked: Sep 13 at 10:10AM

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 H&R Retail - Washington, DC

Investment Insights

Based on property information with market context.

Retail space available at 3022-3068 Festival Way in Waldorf, within a shopping center anchored by a mix of anchor, junior anchor, and small shop opportunities. The available size is 5,520 SF, with space designed to support a broad range of retail users.

The center is positioned at Route 301 and Route 228, described as the busiest intersection in Southern MD, with strong visibility and access from both roadways. Route 301 carries 62,833 AAWDT and Route 228 carries 36,973 AAWDT, supporting frequent customer exposure. National tenants in the center include HomeGoods, PetSmart, Bob’s Discount Furniture, Staples, Michaels, Ross Dress for Less, Ulta, TJ Maxx, Party City, Christmas Tree Shops and That!, and LA Fitness.

Future expansion is planned, with an additional 60,000 square feet anticipated.

Key Highlights

  • 5,520 SF retail space available in the shopping center
  • Future expansion of 60,000 square feet
  • Route 301 visibility and access with 62,833 AAWDT

Property Analytics

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Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Garden Center Locksmith (Bike/Boat/Book/etc) Store Florist Restaurant

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,730
Businesses Nearby
Well-served
Demand for This Use

Demographics for 20601, MD

27,789
Population
10,560
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
47.8 sq mi
ZIP Area
581
Density / Sq Mi
$120,278
Median Household Income
$59,004
Median Earnings
$2,154
Median Rent
$380,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Similar Off Market Nearby

  • Sunglass Hut at Macy's 11200 Mall Cir, Waldorf, MD 20603
  • St. Charles Towne Center 11110 Mall Cir, Waldorf, MD 20603
  • Post Office Road Plaza Shopping Center St Charles, MD 20602
  • Waldorf Shoppers World 3220 Robert S. Crain Hwy, Waldorf, MD 20603
  • Charles County Plaza Shopping Center 3273 Plaza Dr, Waldorf, MD 20603

Frequently Asked Questions

What type of property is this?
Shopping center - Join a strong apparel co-tenancy with anchor, junior anchor, and small shop space available at a high-traffic Waldorf intersection.
Where is this shopping center located?
The property is located at 3022-3068 Festival Way Waldorf, MD.
What are key features of this property?
This property features: 5,520 SF retail space available in the shopping center; Future expansion of 60,000 square feet; Route 301 visibility and access with 62,833 AAWDT
(240) 482-3611 Call to check price and availability
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