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INVESTMENT HIGHLIGHTS
LONG TERM LEASES: The Starbucks and Hangry Joe’s Center is newly constructed and 100% occupied. Starbucks has 9+ years remaining on their lease with four (4), 5-year renewal options. Hangry Joe’s has 10 years remaining on their lease with one (1), 5-year renewal option. The newly constructed Westside Retail Center is 100% occupied by a strong tenant roster with a national presence. Chipotle has a 9+ years remaining on their lease with four (4), 5-year renewal options. Hibachi Express, Lecco Nail Bar, Cinnabon Swirl and Jersey Mike’s all have 10-year leases with two (2), 5-year renewal options.
STRATEGIC RETAIL LOCATION: The newly constructed Properties are extremely well located along Silver Trail Lane, adjacent to the intersection of Konterra Drive and Van Dusen Road. The Properties enjoy outstanding frontage, visibility and access and is and is 0.4-miles from Interstate 95 and 1.5-miles from US Route 1, the area’s primary commercial corridor. The Properties offer convenient access to MD Routes 198 and 200 as well as the Baltimore Washington Parkway and is just 2-miles from the Muirkirk Train Station. The adjacent centers are part of a larger development that is home to Wawa, and is positioned in between Duvall Westside, a 484-unit Class A Apartment Community and Avalon Laurel, a 344-unit Class A Apartment Community. The Property is also minutes from densely populated residential neighborhoods that provide a captive customer base.
STRONG DEMOGRAPHICS & TRAFFIC COUNTS: Over 95,300 people live within 3-miles of the Property with an average household income of $129,303. An impressive 202,100 people live within a 5-mile radius of the Property with an average household income of $144,283. Additionally, there are more than 91,200 employees within 5-miles of the Property. More than 33,000 vehicles per day pass the Property along Konterra Drive, and an additional 14,300 vehicles per day pass the Property along Van Dusen Road. I-95, which is less than 0.5 miles from the Property (Konterra Drive exit), sees more than 196,400 vehicles per day.
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