28575 Marlboro Ave, Easton, MD 21601

This property presents an opportunity to acquire a Starbucks location operating under a new 10-year corporate lease, with the store opening scheduled for October 2025. The lease includes a 21% rental increase in its first option period and 10% increases every option thereafter. The location is the renovation of a former Chevy Chase Bank building constructed in 2008. The landlord recently renovated the building to accommodate nine-car stacking in the drive-thru, contributing $57 PSF to the TI package, while the tenant is paying $38 PSF, a market rental rate for this location's quality. Situated on a nearly one-acre parcel, this Starbucks benefits as an outparcel to Waterside Village and is positioned at the main access point off Marlboro Avenue into the Target and connected shops. The regional shopping center is anchored by Target, BJ’s Wholesale, Harris Teeter, and Dick’s Sporting Goods, drawing 4.2 million annual customer visits. The shopping center features a collection of destination retailers, including Planet Fitness (opened in 2021), Michael’s (opened in 2018), and Dick’s Sporting Goods (renovated 2024), along with restaurants such as Chili’s, Playa Bowls (opened 2021), and Chopsticks. Located across from Waterside Village, the property is near shopping centers anchored by Acme Markets, Kohl’s, Lowe’s, and Weis Markets. These centers collectively average 8.1 million customer visits each year. Starbucks has secured a place on the large pylon signage at the northwest corner entrance at Marlboro Avenue and Easton Parkway. Easton, the county seat of Talbot County, is a historic town located on Maryland’s Eastern Shore, near Annapolis and within a two-hour drive of Washington, DC, and Baltimore. The property size is 3549 square feet.