OverviewInvestment HighlightsGalleryLocationContactSign the Agreement
Listing provided by LightBox Revere
3 Red Pump RdBel Air, MD 21014
Red Pump Shopping Center
100% Occupied Strip Center with Upside through Mark-to-Market Leasing Campaign
Overview
KLNB Retail Capital Markets is pleased to exclusively offer for sale the fee simple interest in Red Pump Shopping Center, a fully occupied, service oriented retail strip center totaling approximately 7,000 square feet in the affluent Bel Air submarket of Harford County, Maryland. Anchored by a stable roster of five seasoned tenants with an impressive average tenure of 15+ years, the property showcases exceptional tenant loyalty and performance. The offering presents an investor with a value add opportunity through an active leasing and mark-to-market campaign.
Investment Highlights
- Red Pump Shopping Center is 100% occupied by 5 tenants with a weighted average tenure of 15+ years
- Long-term value-add opportunities through an active leasing and mark to market campaign
- All tenants have annual increases throughout their base terms and each of their option periods, ensuring a hedge against inflation
- Diverse retail uses serve the densifying submarket and offer consumers multiple options during their visit
- Shared access point with the McDonald’s, which sees 546.2k annual visits, ranking in the top 92nd percentile amongst all fast-food locations within a 5-mile radius, per Placer.ai, fostering a cross-shopping environment between the properties
- Surrounded by three and five-mile average household incomes of $138,000 and $148,000, respectively, with income levels expected to grow 1.91% and 1.88% annually through 2030
Affluent Submarket with Continued Retail Development
1 Mile
3 Mile
5 Mile
Total Population
11,462
48,819
92,819
Avg Household Income
$134,030
$138,222
$147,798
Avg Household Income Growth
1.99%
1.91%
1.88%
Photo Gallery
3 Red Pump RdBel Air, MD 21014
Sales Team
Listing provided by LightBox Revere