KLNB Retail Capital Markets is pleased to present for sale the fee simple interest in Cambridge Marketplace, a 68,802 SF neighborhood center located in Cambridge, Maryland. The property is 100% occupied by a diverse mix of local, regional and national retailers. Inline square footage is anchored by Sherwin Williams, DaVita Dialysis and Goodwill which is further supported by the pad sites leased to Starbucks, Wendy’s and T-Mobile.
Recent long-term extensions by both Goodwill and DaVita offer an 6.8-year WALT for the overall property and the merchandising offers investor a healthy balance of food and beverage, hard and soft goods, fitness, salon and beauty, and medical providing a plethora of traffic drivers. While the Center is 100% occupied, the offering The Offering presents upside and value-add. The compelling opportunities include the ability to construct a 15,624 SF additional anchor on the ready-to-build pad site immediately adjacent to Goodwill and potential future pad site dispositions as each pad
is already a separately subdivided parcel.
The subject property is situated in Cambridge’s primary retail node, and is the most visited center in Cambridge, per Placer.ai, capturing consistent neighborhood traffic and serving as a key retail destination for Dorchester County residents. Cambridge Marketplace is shadow anchored by the University of Maryland Shore Regional Health at Cambridge, has convenient positioning on the highly trafficked Ocean Gateway (US-50) seeing 32,442 VPD,and while stable, offers numerous value-add opportunities to investors.