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10413-10425 Baltimore Ave, Beltsville, MD 10400 Rhode Island Ave, Beltsville, MD
Beltsville Plaza
Asset ClassRetail
Retail SF22,738
Net Operating Income: $503 Thousand% Leased: 89%Weighted Average Lease Term: 5.4 YearsAccess Data Room
Value-Add Retail in Primary Commercial Corridor
overview of deal

Overview

KLNB Retail Capital Markets is pleased to exclusively offer for sale the fee simple interest in Beltsville Plaza Shopping Center, value-add, service-oriented retail center totaling approximately 22,738 square feet spanning 2 freestanding multitenant buildings and 3 single tenant pad sites, in the dense Beltsville submarket of Prince George County, Maryland. The asset is comprised by a balanced roster of six seasoned tenants with a healthy weighted average lease term of 5.4 years remaining. Furthermore, the property showcases exceptional tenant loyalty and performance with a weighted average tenure of 9.3 years. Beltsville Plaza delivers predictable day-one cash flow from an 89% occupied, creditworthy rent roll, with near-term leasing upside in a recently vacated 2,500 SF unit and long-term mark-to-market potential as below-market leases roll to market.

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Investment Highlights

  • 22,738 SF of retail across 2 multi-tenant buildings and 3 single tenant pads
  • Anchored by Capital Electric, with 70+ locations and subsidiary of Sonepar, world’s largest B2B distributer of electronics
  • Immediate leasing upside in 2,500 SF vacancy, drive-thru reactivation, and long-term mark-to-market potential
  • New 10-year lease with H & Chicken in former Arby’s pad fronting Baltimore Ave
  • 9.3 years average length of occupancy with 5.4 years average lease term remaining
  • Excellent location in high traffic commercial corridor with 50,000+ VPD, just a half mile from the Capital Beltway (I-495)
  • Dense, affluent submarket with 86,675 residents earning $115,587 Avg. HH Income within 3-mile radius

2025 Demographics Summary

1 Mile
3 Mile
5 Mile
Total Population
7,725
85,675
334,264
Avg Household Income
$129,942
$115,587
$121,632
Avg Household Income Growth
1.44%
1.82%
1.90%
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10413-10425 Baltimore AveBeltsville, MD 20705

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