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    OFF-MARKET
    Neighborhood centers

    7111 Westlake Ter, Bethesda, MD 20817

    22,606 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 7111 Westlake Terrace in Bethesda, Maryland, within Montgomery County (zip code 20817). The property offers a total of 22,606 square feet of retail space, with two immediately available units ranging from 3,000 to 3,172 contiguous square feet. A total of 6,172 square feet is currently vacant. This neighborhood center boasts a strong tenant mix, including prominent national retailers such as Home Depot, Five Guys, and others. Nearby businesses include Sears, Macy's, Gap, Old Navy, Nordstrom, Apple, and numerous restaurants like Cheesecake Factory and Chipotle. The property benefits from its convenient location off Westlake Terrace and I-270, ensuring high visibility and accessibility. Adding to its appeal, a new 343-unit multi-family development, "The Rae," is under construction adjacent to the shopping center, bringing increased foot traffic and residential density. The Rae will feature amenities such as a fitness center, co-working lounge, pet spa, club room, swimming pool, and courtyard. This presents a unique opportunity for businesses seeking high-traffic locations in a thriving Bethesda community. Minimum divisible space is 3,000 square feet.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 22,606 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
    • Truck Rental Center at The Home Depot Car Rental Facility
    • Primo Water Exchange Big Box & Wholesale Store
    • Garden Center at The Home Depot Garden Center
    • Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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