7680 Arundel Mills BlvdHanover, MD 21076

Property Details for 7680 Arundel Mills Blvd

Year built

2017

Property size (Sq ft)

5,404 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional Class A retail investment opportunity presents a freestanding, two-tenant shopping center in Hanover, Maryland, boasting a prime location at the renowned Arundel Mills mall. The 5,404 square foot property is 100% occupied by Starbucks (with drive-thru) and CAVA, both national corporate tenants providing a strong credit profile and corporate guarantee. The property features Net-Net-Net (NNN) leases with a remaining term of approximately 2.6 years, extending to June 30, 2027, with favorable lease terms including 10% rental increases every five years and four five-year options. The current Net Operating Income (NOI) stands at $395,483, yielding a 5.99% cap rate based on the $6,600,000 asking price, translating to a price per square foot of $1,221.32. Built in 2017, this property benefits from its strategic location within a high-traffic area, easily accessible and highly visible along a major retail corridor. The surrounding area is densely populated and affluent, with an average household income exceeding $126,000 within a one-mile radius. Arundel Mills mall, Maryland's #1 tourist destination, attracts over 24 million annual visitors, further enhancing the property's value and potential. The property's proximity to Baltimore and Washington, D.C., and its convenient location just six miles from Baltimore Washington International Airport, adds to its significant appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving market.

Location Insight

City

Hanover

County

Anne Arundel

State

Maryland

Latitude

39.1532

Longitude

-76.7282

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].