deal image
6666 Security BlvdBaltimore, MD 21207
Meadows Portfolio
Asset ClassRetail
% Leased97%
Square Feet: 181,148Weighted Average Lease Term: 5.1 YearsLand: 15.52 AcresAccess Data Room
181,148 SF Grocery Anchored Center | 5.1 year WALT | Strong National Tenant Mix
overview of deal

Overview

KLNB Retail Capital Markets, as exclusive advisor, is pleased to present the Meadows Portfolio — a 97% leased, 181,148 SF grocery-anchored offering in the Woodlawn submarket of Baltimore County, Maryland. The Portfolio consists of three separately-subdivided assets: Meadows Shopping Center (121,414 SF), anchored by Global Food with pad sites leased to PNC Bank, McDonald’s, and Taco Bell; Four Sixes (29,979 SF), a mixed-use building anchored by Dollar Tree; and the Professional Building (29,755 SF), anchored by Sage Health and GoPuff. The Portfolio benefits from a 5.1-year WALT, an average tenant tenure of 10.3 years, and a heavy credit profile with 49.4% of base rent driven by national and regional tenants.

 

The offering combines durable in-place cash flow with a compelling value-add thesis: lease-up of 6,341 SF of vacancy, conversion of dd’s Discounts from gross to NNN at market rents, potential pad site subdivisions for arbitrage, and the flexibility to sell Four Sixes or the Professional Building as independent assets.

 

Situated at the signalized intersection of Security Boulevard and Woodlawn Drive with 46,210 VPD and direct access off I-695 (194,301 VPD), the Portfolio is surrounded by 124,762 residents within 3 miles, the Social Security Administration headquarters (6,300–13,000 employees), and over 3.9 million SF of proximate office and flex demand. This offering represents a rare opportunity to acquire a grocery-anchored, multi-component portfolio of scale within the Baltimore MSA, combining stable cash flow, a battle-tested tenant roster, and a clear pathway to enhanced returns.

Investment Highlights

  • Grocery anchored shopping center, anchored by Global Food, a growing six-location Mid-Atlanticinternational grocer
  • Comprised of three separately subdivided parcels totaling 181,148 SF across 15.52 acres
  • Strong credit: 49.4% of the base rent contributed by national/regional tenants
  • Robust leasing momentum with 94,465 SF of space leased to new tenants over the past 6 years
  • Value-add opportunities through mark to market leasing and pad spin dispositions
  • Just off the Security Boulevard retail corridor with 30,050 VPD directly in front of the center. Direct exposure and access off Interstate 695 (I-695), which carries 194,301 VPD
  • Weighted average lease term of 5.1 years and an average tenant tenure of 10.3 years
  • Recent capital improvements totaling $1m+
  • Dense infill market with 122,448 residents with average household incomes of $93,513 within a 3-mile radius

Demographics

1 Mile
3 Mile
5 Mile
Total Population
10,742
124,762
342,966
Avg Household Income
$90,631
$96,164
$93,140
Avg Household Income Growth
2.16%
2.08%
2.08%
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6666 Security BlvdBaltimore, MD 21207

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