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2288 Blue Water BlvdOdenton, MD 21113
Jersey Mike's & Bruster's - A Two-Tenant Offering
Asset ClassRetail
Cap Rate6.9%
Deal Size: $1.72 M% Leased: 100%Rentable SF: 3,046Access Data Room
Grocery Shadow Outpad | Bruster's Drive-Thru | Long-Term NNN Leases | Near Fort Meade
overview of deal

Overview

Marcus & Millichap is pleased to present Jersey Mike’s & Bruster’s | A Two-Tenant

Offering at Seven Oaks Shopping Center, a 3,046-square-foot retail property in Odenton,

Maryland. The property is fully leased and shadow-anchored by Weis Markets, providing

daily-needs grocery adjacency that supports customer traffic. The offering combines two

established food-service brands with proximity to surrounding residential neighborhoods

and one of the region’s largest employment hubs. Bruster’s features a drive-thru, providing added convenience for customers. Adjacent land is available for separate purchase and is not included in the subject offering. The subject outparcel has not yet been subdivided and does not currently have a separate tax identification number.

 

 

Both tenants operate under triple-net leases extending through early 2034, providing

contractual rental income with scheduled increases. Jersey Mike’s lease includes a 10%

rent increase in 2029 and three five-year renewal options, while Bruster’s lease includes

3% annual rent increases and one five-year renewal option.

 

 

The outlot benefits from its proximity to Fort George G. Meade, home to major federal

agencies including the National Security Agency, U.S. Cyber Command and the Defense

Information Systems Agency. This concentration of military personnel, civilian

employees and government contractors provides a substantial nearby customer base.

Together with grocery shopping activity and surrounding residential communities,

the employment base supports demand for convenient dining and dessert options.

The surrounding trade area further enhances the property’s investment profile. Within

a five-mile radius, the area has a daytime population of approximately 146,399 and an

average household income of $145,653. These demographics support the property’s food-service tenants and complement its position adjacent to an established grocery anchor.

 

 

Strategically located along Annapolis Road (MD-175), the outlot offers visibility

and convenient access within the Baltimore-Washington corridor. Annapolis

Road carries approximately 29,163 vehicles per day, while the nearby Patuxent

Freeway (MD-32) carries approximately 43,182 vehicles per day. Connections to

Interstate 97 and MD-295 provide regional accessibility, while surrounding retailers,

employers and residential neighborhoods contribute to the property’s customer base.

Jersey Mike’s & Bruster’s presents investors with the opportunity to acquire a fully leased,

income-producing retail asset supported by grocery adjacency, nearby employment and

residential density. Long-term triple-net leases extending through early 2034, scheduled

rent increases and renewal options provide contractual income visibility and the potential

for continued occupancy beyond the initial lease terms.

 

Investment Highlights

• Fully Leased, 3,046 SF Retail Outlot Occupied by Jersey Mike’s

and Bruster’s

• Strong Tenant Commitment: Two Established Food-Service

Brands With NNN Leases Extending Through Early 2034

• Scheduled Rent Growth: 10% Increase for Jersey Mike’s in 2029

and 3% Annual Increases for Bruster’s

• Personal Guarantees From Both Tenants – Both Jersey Mike’s and

Bruster’s leases are backed by personal guarantees.

• Shadow-Anchored by Weis Markets, Supporting Grocery-Driven

Customer Traffic

• Bruster’s Features a Drive-Thru, Providing Convenient Service for

Customers on the Go

• Strong Traffic Exposure: 29,163 VPD on Annapolis Road (MD-175)

and 43,182 VPD on MD-32

• Near Fort George G. Meade, a Major Regional Employment Hub

• Minutes From U.S. Cyber Command, NSA and Multiple Federal

Agencies

• Regional Connectivity Via MD-175, MD-295 and Interstate 97

• Established Residential Neighborhoods Supporting Dining and

Dessert Demand

• Strong Five-Mile Demographics: $145,653 Average Household

Income and 146,399 Daytime Population

• Positioned Within the Baltimore-Washington Corridor

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2288 Blue Water BlvdOdenton, MD 21113
Fort Meade

Sales Team

Darin Gross (Lead Agent)Senior Director Investments

License #: 6501384871

248-415-2634darin.gross@marcusmillichap.com
Brian Hosey Broker of Record

License #: 5005538

2025363700Brian.Hosey@marcusmillichap.com

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