Giant Grocery
For Sale
$13,350,000
9580 Livingston Rd, Fort Washington, MD 20744
NNN lease structure places roof and structural obligations with the landlord while limiting other property management responsibilities.
Property Size42,800 SF
Days on Market48
Property Features for 9580 Livingston Rd
General Information
Standard status
Active
Size
42,800 SF
Property subtype
Retail
Zoning
CGO
Additional Details
Traffic Count
80,000 vehicles/day
Building Details
Building Size
42,800 SF
Year Built
1976
Tenancy
Single
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Andrew Fallon · License #RSR006585
(202) 286-1542
Source:
Srsre
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 10:27AM
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 SRS Real Estate Partners - Global Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fee-simple grocery property is leased to Giant under an NNN agreement with 15 years remaining in the initial term. The lease includes 6 five-year extension options and scheduled rent increases of roughly $1 per square foot every 5 years during the initial term and at each option period. Landlord responsibilities are limited to the roof and structure. The transaction includes ownership of both the land and building.
The store serves as the anchor for Livingston Square, a newly redeveloped 71,000+ SF shopping center along Indian Head Hwy (US Rt 210), where traffic is reported at 80,000 VPD. The property is in Fort Washington, MD, along the primary route connecting Washington, D.C., with the Fort Washington and Oxon Hill submarkets. The surrounding 5-mile area includes more than 209,000 residents, and only two other grocery stores are located within 3 miles.
The store serves as the anchor for Livingston Square, a newly redeveloped 71,000+ SF shopping center along Indian Head Hwy (US Rt 210), where traffic is reported at 80,000 VPD. The property is in Fort Washington, MD, along the primary route connecting Washington, D.C., with the Fort Washington and Oxon Hill submarkets. The surrounding 5-mile area includes more than 209,000 residents, and only two other grocery stores are located within 3 miles.
Key Highlights
- Giant grocery store with 15 years remaining on the initial lease term
- 6 five‑year extension options
- NNN lease with landlord obligations limited to roof and structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$966,497
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,329,940
$19.3M
Cap Rate 7%
$13,807,100
$13.8M
Cap Rate 9%
$10,738,856
$10.7M
Market Conditions
NOI Build-Up for 42,800 SF
Gross rent
$1.45M $33.96/SF
− Vacancy
−$164.8K −$3.85/SF
EGI
$1.29M $30.11/SF
− OpEx
−$322.2K −$7.53/SF
NOI
$966.5K $22.58/SF
Area
Prince George's County, MD
Vacancy
11.34%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,329,940
Cap Rate 7%
$13,807,100
Cap Rate 9%
$10,738,856
Alternative Uses
Best Use
Specialty Retail
$13.81M
$12.08M – $16.11M
NOI $966,497 @ 7.0% cap · market cap 7.24%
Second Best
Retail
$13.74M
$12.02M – $16.02M
NOI $961,482 @ 7.0% cap · market cap 7.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
80,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
134k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 41%
Shops & Services 14%
Giant
Groceries
54,688 visits/mo
0.1 miles
McDonald's
Dining
42,059 visits/mo
0.1 miles
7-Eleven
Shops & Services
14,606 visits/mo
0.2 miles
Panera Bread
Dining
12,103 visits/mo
0.1 miles
Jersey Mike's Subs
Dining
4,234 visits/mo
0.1 miles
Demographics for 20744, MD
52,747
Population
21,014
Households
2.5
Avg Household Size
44
Median Age
36%
College-Educated
90%
High-School Grad
26.1 sq mi
ZIP Area
2,021
Density / Sq Mi
$124,838
Median Household Income
$57,168
Median Earnings
$1,751
Median Rent
$418,100
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN lease structure places roof and structural obligations with the landlord while limiting other property management responsibilities.
Where is this grocery and convenience store located?
The property is located at 9580 Livingston Rd Fort Washington, MD.
What is the asking price?
The asking price for this property is $13,350,000.
What are key features of this property?
This property features: Giant grocery store with 15 years remaining on the initial lease term; 6 five‑year extension options; NNN lease with landlord obligations limited to roof and structure
