Overview
KLNB Retail Capital Markets is pleased to announce for sale the fee simple interest in the 7-Eleven and Vitamin Shoppe two-tenant center located in Silver Spring which is within the desirable Montgomery County submarket of Maryland. The subject property consists of one 5,150 square foot building located on 0.83 acres and is currently 100% leased to nationally recognized brands—7-Eleven and Vitamin Shoppe—providing a stable, income-producing investment. Positioned at the heavily trafficked, signalized intersection in the “Four Corners” section of North Silver Spring, and in close proximity to I-495, the site benefits from superb visibility, access and robust traffic counts of 110,000+ VPD at the intersection of Colesville Road (Route 29) and University Boulevard. With excellent signage, and an irreplaceable hard corner location, this asset is ideally suited for investors seeing exposure to a high-demand suburban market with long-term growth potential.
Investment Highlights
- Rare Montgomery County, Maryland Acquisition Opportunity in the "Four Corners" Submarket of Silver Spring
- 100% leased to long-term occupancy national tenants, 7-Eleven (since 1983) and Vitamin Shoppe (since 2016), both top-performing locations in Maryland according to Placer.ai
- Prime hard corner location at the high-traffic intersection of University Boulevard and Colesville Road (MD Route 29) with 110,000+ VPD and outstanding visibility. Close proximity to Interstate 495 (I-495) seeing over 200,000+ VPD
- Passive investment opportunity with minimal landlord responsibilities; NNN leases with full reimbursement and recent roof replacement (2015) minimizes capital exposure
- Retail-dense trade area, adjacent to top-performing McDonald's (#3 in MD) and near high-traffic centers like Woodmore Shopping Center
- Exceptional demographics, 207,000+ residents with $150,000+ average household income within 3 miles and steady population growth projected
- High barrier-to-entry market with limited supply, high construction costs, andstrong occupancy trends ensure long-term stability and value
Extraordinarily Dense and Affluent Submarket of Silver Spring
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