NNN Multi-Tenant Retail
For Sale
Contact for pricing
Pending
15805 Crain Highway, Brandywine, MD 20613
Fee simple opportunity featuring 100% occupancy with NNN-structured leases and additional income from on-site signage.
Property Size15,550 SF
Days on Market138
Property Features for 15805 Crain Highway
General Information
Standard status
Pending
Size
15,550 SF
Property subtype
Retail
Zoning
Transit-Oriented/Activity Center
Occupancy
100%
Net Operating Income
$679,736
Site & Location
Traffic Count
104,100 vehicles/day
Highway Access
Yes
Building Details
Year Built
2023
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners McLean
Listed By:
Andrew Fallon · License #VA 0225193951
(202) 286-1542
Source:
Crexi
Added: Apr 21
Changed: Sep 4
Last Checked: Sep 2 at 3:02PM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
SRS National Net Lease is pleased to offer the fee simple interest (land and building ownership) in a 100% occupied, multi-tenant retail center operated under NNN lease structures. The center is described as recently constructed with modern architecture and high-quality materials, with minimal near-term capital expenditures anticipated. The offering also includes income generated from an on-site signage installation.
The property is located along U.S. Highway 301 in Brandywine, Maryland, with visibility and access highlighted by a prominent pylon sign and dedicated ingress/egress. Traffic is described as exceeding 104,100 vehicles per day. The center is positioned across from Brandywine Crossing, a 231,000+ square foot power center anchored by Safeway, Xscape Theatres, Marshalls, and CarMax.
Within a five-mile trade area, the remarks cite more than 66,400 residents and 27,700 employees, with an average household income of $174,268 within one mile.
The property is located along U.S. Highway 301 in Brandywine, Maryland, with visibility and access highlighted by a prominent pylon sign and dedicated ingress/egress. Traffic is described as exceeding 104,100 vehicles per day. The center is positioned across from Brandywine Crossing, a 231,000+ square foot power center anchored by Safeway, Xscape Theatres, Marshalls, and CarMax.
Within a five-mile trade area, the remarks cite more than 66,400 residents and 27,700 employees, with an average household income of $174,268 within one mile.
Key Highlights
- Fee simple sale of a multi‑tenant retail center built in 2023
- 100% occupied multi‑tenant retail center with tenants on NNN lease structures
- Additional income from an on‑site signage installation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$349,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,986,480
$7.0M
Cap Rate 7%
$4,990,343
$5.0M
Cap Rate 9%
$3,881,378
$3.9M
Market Conditions
NOI Build-Up for 15,550 SF
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.
Gross rent
$528.1K $33.96/SF
− Vacancy
−$29.0K −$1.87/SF
EGI
$499.0K $32.09/SF
− OpEx
−$149.7K −$9.63/SF
NOI
$349.3K $22.46/SF
Area
Prince George's County, MD
Vacancy
5.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,986,480
Cap Rate 7%
$4,990,343
Cap Rate 9%
$3,881,378
Alternative Uses
Best Use
Retail
$4.99M
$4.37M – $5.82M
NOI $349,324 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.02M
$4.39M – $5.85M
NOI $351,145 @ 7.0% cap · market cap 3.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
104,100 VPD
Traffic count
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
620k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Superstores 27%
Dining 25%
Groceries 9%
Costco Wholesale
Superstores
96,510 visits/mo
0.2 miles
Target
Superstores
72,595 visits/mo
0.2 miles
Wawa
Shops & Services
54,260 visits/mo
0.4 miles
Chick-fil-A
Dining
44,307 visits/mo
0.1 miles
Safeway
Groceries
40,964 visits/mo
0.3 miles
Demographics for 20613, MD
15,726
Population
5,684
Households
2.8
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
72.4 sq mi
ZIP Area
217
Density / Sq Mi
$149,821
Median Household Income
$70,135
Median Earnings
$2,288
Median Rent
$511,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fee simple opportunity featuring 100% occupancy with NNN-structured leases and additional income from on-site signage.
Where is this shopping center located?
The property is located at 15805 Crain Highway Brandywine, MD.
What is the asking price?
The asking price for this property is $11,330,000.
What are key features of this property?
This property features: Fee simple sale of a multi‑tenant retail center built in 2023; 100% occupied multi‑tenant retail center with tenants on NNN lease structures; Additional income from an on‑site signage installation
