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611 Railroad Avenue, Centreville, MD, 21617

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CENTREVILLE PLAZA
$7,238,000

Key Information

Tot. SF
58,686
Year Built
2003
Type
Shopping Centers
Occupancy
88%
NOI
$470,445

Highlights

  • Anchored by an established Acme-Albertsons-owned Safeway and ACME markets are prominent players in the Mid-Atlantic region, including Maryland, and are among the top three most-visited chains.
  • Located in Centreville MD on the Eastern Shore of Maryland in Queen Anne’s County on the Delmarva
    Peninsula and is the county seat. With close proximity to the Maryland and Delaware beaches, Centerville is an ideal location for easy access to Baltimore, Annapolis and Washington DC.
  • With six, 5-year options with 10% bumps in each option, there is built in rent growth for this well located Acme Net Ground lease.
  • Centreville Plaza has substantial rent growth opportunity with lease up of vacant space and anchor tenant rent increases.
  • Also, an open pad space opportunity exists for potential future development, further enhances rent growth.
  • Well-situated next to the Queen Anne’s County High School and County YMCA, the center benefits from heavy local traffic.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203