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9005-9009 & 9179 Central AvenueCapitol Heights, MD 20743
Hampton Park Retail
Asset ClassRetail
Square Feet32,155
Deal Size: $12.5 MCap Rate: 7%Occupancy: 91%Access Data Room
Shadow-Anchored Retail with Value-Add Upside
overview of deal

Overview

KLNB Retail Capital Markets is pleased to present the opportunity to acquire Hampton Park Retail, a 32,155 square foot retail offering comprised of a recently constructed strip center anchored by Carolina Kitchen, two freestanding pad sites leased to IHOP and Checkers, and a multi-tenant retail/automotive building occupied by Goodyear and Enterprise. Each component is situated on a separately subdivided parcel, providing a new owner with maximum flexibility.

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Investment Highlights

  • 32,155 strip retail and pads located just inside the Capital Beltway
  • Value-add offering with lease up of 2,800 SF unit + drive-thru, below-market rents, and covered land play development potential
  • Average tenant tenure exceeding 22 years. Over 5 years average lease term remaining with minimal near-term rollover
  • Anchored by Goodyear, Enterprise, IHOP, Checkers, and Carolina Kitchen.
  • Shadow anchored by Home Depot, HHS, and Dunkin’
  • Large pylon signage and signalized access to 167,000
  • VPD on I-495 and 53,000 VPD on Central Ave

Demographics

1 Mile
3 Miles
5 Miles
Population
13,482
100,775
283,497
Avg. HH Income
$108,708
$119,205
$116,401
Income Growth
1.21%
1.81%
2.13%
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9005-9009 & 9179 Central AvenueCapitol Heights, MD 20743

Sales Team

Chris BurnhamPrincipal(443) 632-2044cburnham@klnb.com
Graham SliferAssociate(443) 632-1350gslifer@klnb.com

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