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Westside Retail Strip 14930 Silver Trail Ln 9,515 SF 79% Leased Retail Building Laurel, MD 20707 $7,205,450 ($757.27/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Long Term Leases
- Dynamic Corporate Tenant
- Strategic Retail Location
- Attractive Rent Increases
- Net Leases
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive sale of a new construction Westside Strip Center, a five-tenant plaza located at 14930 Silver Trail Lane in Laurel, Maryland (the “Property”). The westside Strip Center is improved by Chipotle, Hibachi Express, Lecco Nail Bar, Cinnabon Swirl and Jersey Mike’s and contains 9,515 square feet on a 1.46-acre parcel of land. Each of the Tenants has an original ten-year lease with renewal options and all of the leases provide attractive rent increases throughout the primary lease terms and renewal options. The new construction strip center is extremely well located along Silver Trail Lane, adjacent to the intersection of Konterra Drive and Van Dusen Road. The Property enjoys outstanding frontage, visibility and access and is and is 0.4-miles from Interstate 95 and 1.5-miles from US Route 1, the area’s primary commercial corridor. The Property is part of a larger development that is home to Wawa, an adjacent strip center leased to Starbucks and Hangry Joe’s, and is surrounded by large apartment communities and densely populated residential neighborhoods that provide a captive customer base, and enjoys convenient access to the area hospital, several large Business and Technology campus’s, and a large industrial park, all of which drive traffic to the immediate area. Laurel enjoys a unique position roughly halfway between Washington, DC and Baltimore, MD, and its relative seclusion makes it an attractive option for commuters who work in either city but prefer a small-town environment. The close proximity to Fort Mead also makes Laurel a popular option for Department of Defense employees and military personnel seeking off-base housing.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,515 SF
Building Class
B
Year Built
2024
Price
$7,205,450
Price Per SF
$757.27
Cap Rate
6%
NOI
$432,327
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.46 AC
Zoning
LAUR - Commercial Building
AMENITIES
- Restaurant
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Chipotle
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Chipotle | Accommodation and Food Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Join Wawa and Starbucks in this exciting mixed use project with 140 Townhomes and 486 Apartment Units.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,975 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 1,975 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 1,975 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Join Wawa and Starbucks in this exciting mixed use project with 140 Townhomes and 486 Apartment Units.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-5673864 | Improvements Assessment | $0 |
| Land Assessment | $317,700 | Total Assessment | $317,700 |
PROPERTY TAXES
Parcel Number
10-5673864
Land Assessment
$317,700
Improvements Assessment
$0
Total Assessment
$317,700
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Westside Retail Strip | 14930 Silver Trail Ln
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