Overview
KLNB is pleased to announce for sale the fee simple interest in Rosedale Village, a 20,417 SF, fully occupied neighborhood strip center in Rosedale, Maryland. Situated in a dense residential suburb of Baltimore, the asset is anchored by Family Dollar, which has been in occupancy since 2000 and recently extended through Dec-2031. Complimenting Family Dollar is a line-up of neighborhood service-oriented retailers, including end-cap junior anchor Pastore’s, a regional deli and restaurant that has been at the property since 1999. The center benefits from stable cash flow, convenient access to I-695 and Pulaski Highway, two of Baltimore’s primary thoroughfares, and upside opportunities through an active management campaign.
Investment Highlights
Community Strip Retail Anchored by Family Dollar
In occupancy for 24+ years, Family Dollar contributes 27% of the base rent and comprises 38% of the GLA with primary term through Dec-2031.
Fully Occupied Center with Complimentary Retail Uses
Rosedale Village is 100% occupied, with a stable weighted average lease term remaining of 4+ years and weighted average tenure of 17+ years, creating consistent cash flow for ownership.
Structured Rental Increases with Upside Through Active Management
All tenants have annual or structured increases throughout their base terms and each of their option periods, creating steady cash flow growth.
Extraordinarily Dense Submarket and Access Along Philadelphia Road
The center has a dense consumer base of 107,000 residents within a 3-mile radius, earning average household income of $90,500, with income expected to grow rapidly at 3.12% annually through 2029.
Extraordinarily Dense Submarket
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