3125 Joseph Biggs Memorial Hwy North East, MD 21901
- Lifestyle centers
- 41,448 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 3125 Joseph Biggs Memorial Hwy
- Property size
- 41,448 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents two strategically located retail centers in North East, Maryland, totaling 41,448 square feet. Situated in Cecil County at 3125 Joseph Biggs Memorial Hwy, zip code 21901, these properties boast 100% occupancy under a Net Net lease structure with a diverse tenant mix. Each center is meticulously maintained, featuring durable standing seam metal roofs and benefits from strong traffic patterns. The asking price is $13,516,935, representing a compelling price per square foot of $326.12 and a projected cap rate of 6.50%. The proximity of the two centers offers synergistic advantages, while the current leases provide immediate cash flow and the potential for future rental increases, ensuring long-term appreciation. This portfolio presents a rare opportunity to acquire a stable, high-performing retail investment in a desirable Maryland market. The properties are ideally situated to benefit from consistent growth and offer a secure and profitable investment for discerning buyers. This is a turnkey investment with minimal vacancy risk and a strong potential for future returns. The properties are well-maintained and offer a solid foundation for continued success. The current tenant mix provides diversification and stability, minimizing risk and maximizing returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North East
- County
- Cecil
- State
- Maryland
- Longitude
- -75.9606
- Latitude
- 39.6415
