8500 Annapolis RdNew Carrollton, MD 20784

Property Details for 8500 Annapolis Rd

Year built

2008

Construction

BRICK

Lot size

4.65 AC

Property size (Sq ft)

88,000 SF

Zone code

RTOHE

Property type

Retail properties

Property subtype

Retail space

APN

20-2272847

APU

202272847

Description

This exceptional mixed-use investment opportunity, the New Carrollton Town Center, is a two-story, Class B property totaling 64,791 net rentable square feet. Located at 8500 Annapolis Road, New Carrollton, MD 20784, this stabilized asset features a blend of retail and medical office space, currently housing 15 tenants including IHOP and Cricket. The 4.66-acre site boasts 175 parking spaces and a covered loading dock, providing ample convenience for tenants and customers. Built in 2008, the property benefits from a multi-tenant occupancy with rent bumps in place, ensuring a strong and diversified cash flow. The property is zoned RTO-H-E and offers a fee simple ownership structure. Its prime location, just 0.7 miles from the New Carrollton Purple/Orange Line Metro, MARC/AMTRAK train stations, and I-495, provides exceptional accessibility and visibility, with over 42,000 vehicles passing daily. The property's proximity to significant ongoing developments in New Carrollton, including over 1,500 residential units and 1.1 million square feet of office space, further enhances its long-term investment potential. The current in-place NOI exceeds $750,000 annually, supported by a weighted average lease term exceeding eight years. This opportunity is further enhanced by its designation as an Opportunity Zone, offering potential tax advantages. Detailed financial information is available upon request.

Location Insight

City

New Carrollton

County

Prince George's

State

Maryland

Latitude

38.9597

Longitude

-76.8685

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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