3716-3720 Old Silver Hill Rd 11,710 SF 100% Leased Retail Building Suitland, MD 20746 For Sale
INVESTMENT HIGHLIGHTS
- • RARE OPPORTUNITY TO OWN A 12K SF +/- RETAIL CENTER INSIDE THE BELTWAY (I-95/I-495).
- • High traffic thruway with average 50K+ cars feeding off busy Rte.5 Branch Ave daily.
- • Roof was replaced in 2018.
- • RARE OPPORTUNITY TO OWN A 12K SF +/- RETAIL CENTER INSIDE THE BELTWAY (I-95/I-495).
- • Less than one-mile from two metro stations (Naylor Rd and Suitland) on Green line.
EXECUTIVE SUMMARY
PROPERTY HIGHTLIGHTS
- Rare opportunity to own a 12K SF +/- Retail Center inside the Beltway (I-95/I-495).
- 100% leased to stable tenants with NNN leases that have been operating in locally for more than 20 years.
- High traffic thruway with average 50K+ cars feeding off busy Rte. 5 Branch Ave daily.
- Less then 1-mile from two metro stations (Naylor Rd and Suitland) on Green Line.
- Half-mile east to Suitland Federal Center Campus, and 1-mile east to Towne Square at Suitland Federal Center, called the largest redevelopment project in the Maryland County's history.
- Cap rate of 7.25%
- Roof was replace in 2018.
CORE INVESTMENT w/VALUE-ADD OPPORTUNITIES
- Increase rental revenue by replacing flex/special use tenants with retail tenants.
- Rare opportunity to own a 12K SF +/- Retail Center inside the Beltway (I-95/I-495).
- 100% leased to stable tenants with NNN leases that have been operating in locally for more than 20 years.
- High traffic thruway with average 50K+ cars feeding off busy Rte. 5 Branch Ave daily.
- Less then 1-mile from two metro stations (Naylor Rd and Suitland) on Green Line.
- Half-mile east to Suitland Federal Center Campus, and 1-mile east to Towne Square at Suitland Federal Center, called the largest redevelopment project in the Maryland County's history.
- Cap rate of 7.25%
- Roof was replace in 2018.
CORE INVESTMENT w/VALUE-ADD OPPORTUNITIES
- Increase rental revenue by replacing flex/special use tenants with retail tenants.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,710 SF
Building Class
C
Year Built
1959
NOI
$200,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.31
Lot Size
0.87 AC
Zoning
CSC - Commercial Shopping Center
Parking
63 Spaces (5.38 Spaces per 1,000 SF Leased)
Frontage
122’ on Old Silver Hill Rd
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,436,633 |
