3728 Crain Hwy Waldorf, MD 20603-4888

Property Details for 3728 Crain Hwy

Year built

2022

Lot size

1.07 lot acres

Property size

8,700 SF

Zone code

CC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

06-360927

APU

6360927

Description

This exceptional investment opportunity presents a 100% occupied, four-tenant shopping center in Waldorf, MD, totaling 8,485 square feet on a 1.068-acre lot. The property boasts a strong tenant lineup including Starbucks (drive-thru), Aspen Dental, Jersey Mike's, and Crumbl Cookies, all under NNN leases with credit-rated tenants and corporate guarantees. Each tenant has a remaining lease term of at least eight years, with options to extend. The property features 40 parking spaces and is situated on a signalized, hard-corner intersection of a major retail corridor with high daily traffic counts (79,400 vehicles). The location benefits from excellent visibility and proximity to other national retailers, including Walmart, Sam's Club, Target, and Lowe's, as well as a large regional mall. The strong demographics of the area, with a high average household income ($132,925) and significant residential population, ensure a robust consumer base. The property's current NOI is $400,463, yielding a 6.25% cap rate at an asking price of $6,408,000 ($755.22/sq ft). The property is zoned Community Commercial (CC) and offers a fee simple ownership structure (land and building). The presence of a nearby Kaiser Permanente medical center under construction further enhances the long-term value and stability of this investment. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant upside potential.

Location Insight

City

Waldorf

County

Charles

State

Maryland

Longitude

-76.9264

Latitude

38.6099

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments