8865 Greenbelt Rd Greenbelt, MD 20770

Cipriano Square is a 35,793 square-foot retail strip center located in Greenbelt, Maryland. Originally constructed in 1983 and substantially renovated in 1999, the center benefits from a long-standing retail presence in the community. The center is anchored by Zion Church, a regional mega-church with over 21,000 members across four locations, forming a cultural hub within Greenbelt. Cipriano Square benefits from its location along Greenbelt Road, which sees approximately 46,000 vehicles per day, and its proximity to the NASA-Goddard Space Flight Center, which employs over 10,000 people. The property has been leased and managed by out-of-market ownership for nearly 30 years. The center has a seasoned tenant base with an average tenancy of nearly 13 years. Several tenants, including Five Guys, have occupied space for 20 to 30 years. National brands such as Dunkin’, Papa John’s Pizza, and UPS Store are present, alongside regional brands like Ledo’s Pizza and America’s Best Wings. Recent leasing activity has been robust. In early 2024, North South Liquors, the center’s largest tenant by revenue, more than doubled its premises to 5,680 square feet. In 2025 and 2026, four new tenants leased space at rental rates of $35-38 per square foot. Excluding the Hershey’s Ice Cream end-cap, the center’s average inline rental rate is approximately $39 per square foot. A weighted average lease term of 5 years is in place, including a pending 5-year renewal from Five Guys. No single tenant accounts for more than 16% of overall revenue, with the liquor store being the largest at 5,680 square feet.