1739-1741 Usa Hagerstown, MD 21740
Tri-State Plaza, located at 1739-1741 Dual Hwy, Hagerstown, Maryland 21740, presents a compelling multi-tenant retail investment opportunity. This 16,302 square foot center is comprised of three buildings and features a strong tenant mix including nationally recognized brands like Chipotle (2,325 sq ft) and MedExpress (7,086 sq ft). Additional tenants include Washco Companies (3,743 sq ft) and Manny's Jewelry (2,324 sq ft). The property is situated on a high-traffic retail corridor in Washington County, boasting daily traffic counts exceeding 78,000 vehicles. Its prime location offers convenient access to Interstate 70 (with over 72,000 CPD), placing it within easy reach of a substantial consumer base. The center benefits from its proximity to numerous other national and local retailers, including Comfort Inn, McDonald's, Sonic, Texas Roadhouse, Hampton Inn, Checkers, Exxon, Bob Evans, and Hair Cuttery. The surrounding area demonstrates strong demographics, with a population exceeding 150,516 within a 10-mile radius and an average household income of $85,191. The property is offered for sale as a whole, with the possibility of selling the Chipotle location separately. The Carter Lumber building, located at the rear of the property, may also be sold separately. This presents a flexible investment opportunity tailored to various buyer needs and preferences. The property is categorized as Pharmacy/Drug, QSR/Fast Food, and Storefront.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.