Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2014
Building Area
Land Area ()

Property Description

JLL Capital Markets is pleased to exclusively present for sale Osborne Shopping Center, a 100,064 square foot Safeway-anchored shopping center located in Upper Marlboro, Maryland. Anchored by a high-performing, long-term Safeway, Osborne Shopping Center offers investors a stable income stream with essential businesses comprising 93% of the rental revenue, resulting in a collection rate over 95% throughout the coronavirus pandemic. Approximately 7,000 square feet of vacancy creates embedded upside potential, as well as the presence of three blue-chip pad sites leased to Bojangles, Popeyes, and Taco Bell that could be spun-off separately. Situated along the highly-trafficked Crain Highway and in close proximity to Joint Base Andrews, the Property boasts an enviable position with a submarket that contains average household incomes of $147,000 within 3 miles.

Investment Highlights

  • Safeway Anchored Center with 13.5 Years Remaining Base Lease Term
  • 93% of Revenue Derived from Essential Businesses – Resulting in 95% Collection Rate During Pandemic
  • Three Single-Tenant Outparcels for Future Spin-Off Opportunities
  • 10+ Years Weighted-Average Remaining Lease Term
  • Desirable Location with 32,000+ Vehicles Per Day and Affluent Consumer Base with $147,000 Average Household Incomes



Last Updated Date: 01 Jun 2021
Bill Moylan
Bill Moylan
Managing Director, Capital Markets
License details
DC-AB98377977 VA-AB98377977
Daniel Naughton
Daniel Naughton
Director
License details
DC-SP200203747 IL-475.174941 VA-0225240708 MD-678231

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Last Updated Date: 01 Jun 2021

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