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12480 Mattawoman DrWaldorf, MD 20601
Waldorf Station
Asset ClassRetail
overview of deal

Overview

Marcus & Millichap, on behalf of Ownership, is pleased to present Waldorf Station, a newly constructed, fully leased essential retail center located in Waldorf, Maryland (the “Offering”). The Offering is anchored by Starbucks and complemented by a strong lineup of nationally recognized brands, Potbelly, Honeygrow, Inspire Nails, and a 2,598 square-foot Pollo Campero single-tenant building on a pad. This Offering is part of nationally known developer Greenberg Gibbon’s 150-acre Waldorf Station development with multiple phases including nearly 200,000 SF of retail space (anchor announcement pending), hotel and office space, and 496 residential units to be constructed between 2026 and 2030. Situated along the Route 301 frontage of the greater Waldorf Station project, this retail collection will significantly benefit as the balance of the project comes to fruition.

Waldorf Station is 100% leased to a complimentary, curated mix of food and service-oriented retailers with staggered lease expirations and built-in contractual rent growth. Each tenant’s lease has either 10, or uniquely, 15-years of term which bolters the asset’s favorable 10-year WALT. The complementary uses create natural cross-shopping synergy and reinforce the center’s positioning within the broader retail corridor. Newly constructed, the Offering is a truly passive ownership with minimal capital needs for many years to come. Investors benefit from modern construction and tenant buildouts, allowing for an easy, low-management investment.

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