Food Lion-Anchored Shopping
For Sale
Contact for pricing
6920 Crestwood Boulevard, Frederick, MD 21703
Grocery-anchored retail center with 100% occupancy and a Food Lion lease renewed through 2032.
Property Size56,890 SF
Days on Market57
Property Features for 6920 Crestwood Boulevard
General Information
Standard status
Active
Size
56,890 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$823,571
Building Details
Year Built
1999
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Legacy Realty Group Advisors, LLC
Listed By:
Jacob Baruch · License #NY
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 11 at 7:29PM
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 Legacy Realty Group Advisors, LLC
Investment Insights
Based on property information with market context.
Crestwood Plaza is a 56,890-square-foot, Food Lion-anchored shopping center offered for sale in Frederick, Maryland. The property is 100% occupied, with Food Lion serving as the anchor tenant. The anchor recently renewed its lease through 2032, and reported 2025 sales of $21.6 million, or $655 per square foot.
The center is positioned at the signalized intersection of Crestwood Boulevard and New Design Road, providing convenient access for local shoppers. Crestwood Plaza serves a dense and affluent trade area, with more than 131,000 residents within five miles and average household incomes exceeding $131,000. The surrounding population has grown approximately 14.8% since 2020 and is projected to increase an additional 8.5% through 2031.
For investors or operators seeking a grocery-anchored retail asset, Crestwood Plaza combines full occupancy with a long-term anchor lease extending through 2032. The property’s tenant base is anchored by a high-performing Food Lion, while the remaining space can support future leasing plans through ongoing retailer demand in the trade area.
The center is positioned at the signalized intersection of Crestwood Boulevard and New Design Road, providing convenient access for local shoppers. Crestwood Plaza serves a dense and affluent trade area, with more than 131,000 residents within five miles and average household incomes exceeding $131,000. The surrounding population has grown approximately 14.8% since 2020 and is projected to increase an additional 8.5% through 2031.
For investors or operators seeking a grocery-anchored retail asset, Crestwood Plaza combines full occupancy with a long-term anchor lease extending through 2032. The property’s tenant base is anchored by a high-performing Food Lion, while the remaining space can support future leasing plans through ongoing retailer demand in the trade area.
Key Highlights
- 56,890 SF grocery‑anchored shopping center in the Washington, DC MSA (Frederick, MD)
- 100% occupied, anchored by Food Lion
- Food Lion lease renewed through 2032
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
437k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 14%
Groceries 8%
Leisure 5%
McDonald's
Dining
34,886 visits/mo
0.3 miles
Giant
Groceries
34,594 visits/mo
0.5 miles
Royal Farms
Shops & Services
31,217 visits/mo
0.4 miles
Panda Express
Dining
30,848 visits/mo
0.2 miles
Texas Roadhouse
Dining
30,753 visits/mo
0.5 miles
Demographics for 21703, MD
41,138
Population
15,773
Households
2.6
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
32.0 sq mi
ZIP Area
1,286
Density / Sq Mi
$105,293
Median Household Income
$56,791
Median Earnings
$1,887
Median Rent
$364,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Grocery-anchored retail center with 100% occupancy and a Food Lion lease renewed through 2032.
Where is this shopping center located?
The property is located at 6920 Crestwood Boulevard Frederick, MD.
What are key features of this property?
This property features: 56,890 SF grocery‑anchored shopping center in the Washington, DC MSA (Frederick, MD); 100% occupied, anchored by Food Lion; Food Lion lease renewed through 2032
