Safeway Supermarket with Absolute-Net
For Sale
Contact for pricing
Pending
540 Benfield Rd, Severna Park, MD 21146
Corporate-guaranteed tenancy anchors Benfield Village Shopping Center at a signalized intersection.
Property SizeContact for details
Days on Market142
Property Features for 540 Benfield Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Safeway
Traffic Count
31,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
KW Commercial Carmel Valley / Del Mar
(646) 809-8856
Listed By:
Ryan Litrich · License #01336356
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Apr 12 at 8:27AM
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 KW Commercial Carmel Valley / Del Mar
Investment Insights
Based on property information with market context.
This single-tenant Safeway supermarket is positioned within Benfield Village Shopping Center and has operated at the property since 1989. The tenancy is structured under a 20-year absolute-net lease, with no landlord responsibilities identified in the offering details. Contractual rent growth includes 1.50 percent annual increases during years two through five and 7.50 percent increases every five years beginning in year 11. The lease carries a corporate guaranty from Albertsons Companies, LLC.
The property occupies the signalized intersection of Benfield Road and Jumps Hole Road, where reported traffic exceeds 31,000 vehicles daily. Severna Park is approximately 15 miles from Baltimore and 10 miles from Annapolis. Safeway is the anchor tenant at the shopping center, with an operating history at this location dating to 1989.
The property occupies the signalized intersection of Benfield Road and Jumps Hole Road, where reported traffic exceeds 31,000 vehicles daily. Severna Park is approximately 15 miles from Baltimore and 10 miles from Annapolis. Safeway is the anchor tenant at the shopping center, with an operating history at this location dating to 1989.
Key Highlights
- Single‑tenant Safeway supermarket operating at the property since 1989
- 20‑year absolute‑net lease with zero landlord responsibilities
- Corporate guaranty from Albertsons Companies, LLC
Property Analytics
Property Profile
Current Use
Lease Details
31,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 40%
Dining 3%
Beauty & Spa 2%
Safeway
Groceries
28,878 visits/mo
0.0 miles
7-Eleven
Shops & Services
13,035 visits/mo
0.1 miles
Shell
Shops & Services
4,222 visits/mo
0.1 miles
Bank of America
Shops & Services
3,305 visits/mo
0.1 miles
Palm Beach Tan
Beauty & Spa
837 visits/mo
0.1 miles
Demographics for 21146, MD
28,593
Population
10,329
Households
2.8
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
2,831
Density / Sq Mi
$169,835
Median Household Income
$87,575
Median Earnings
$1,619
Median Rent
$643,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Safeway — 540 Benfield Rd, Severna Park, MD 21146
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corporate-guaranteed tenancy anchors Benfield Village Shopping Center at a signalized intersection.
Where is this grocery and convenience store located?
The property is located at 540 Benfield Rd Severna Park, MD.
What are key features of this property?
This property features: Single‑tenant Safeway supermarket operating at the property since 1989; 20‑year absolute‑net lease with zero landlord responsibilities; Corporate guaranty from Albertsons Companies, LLC
