Overview
KLNB Retail Capital Markets is pleased to exclusively offer for sale the fee simple interest in the BWI Gateway Center, a two tenant, service-oriented retail strip center located in Glen Burnie, Maryland. The property is occupied by PickleRage and The Big Screen Store, both operating on brand new 10-year, NNN leases, providing stable day one cash flow. Strategically positioned within a dense residential trade area, directly off Interstate 97 (I-97), seeing 130,000 vehicles per day, offering strong visibility with convenient access, the property benefits from proximity to major transportation routes connecting to Baltimore and Baltimore/Washington International Thurgood Marshall Airport (BWI). The surrounding submarket features established businesses, neighborhoods and a strong consumer base that supports service and experiential retail. The offering presents investors with an attractive opportunity to acquire a stabilized retail asset leased to proven, and creditworthy, tenants with relatively hands-off management in the early stages of ownership.
Investment Highlights
- PickleRage and The Big Screen Store are both operating on new 10-year leases providing relatively hands-off leasing and management in the early stages of ownership, and predictable cash flow
- BWI Gateway Center has a synergistic relationship with and is located within the larger Cromwell Business Park, a major 165-acre Anne Arundel County business community including 920,000 square feet of flex/R&D, office and retail space, and is directly adjacent to BWI Airport
- The asset sits on a large parcel of 2.81 acres within an extremely development restrictive submarket of Anne Arundel County
- The surrounding area is extremely land constrained, creating a high barrier to entry and supporting long-term asset stability, with few comparable retail/flex properties nearby
- Located directly off I-97, which sees 129k VPD, and located less than 0.25 miles off Exit 15, with easy access to I-95, the Baltimore-Washington Parkway (MD 295) and MD Routes 100, 176 and 648
- Strong demographics with a dense residential trade area, drawing from 209,081 residents within a 5-mile radius
- Proximity to BWI Thurgood Marshall Airport provides significant exposure and robust regional traffic
Robust Surrounding Demographics and Next to Baltimore/Washington International Thurgood Marshall Airport (BWI)
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