November 26, 2024 – Justin Spillane and Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Waldorf Park in Waldorf, Maryland. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $6,275,000.
Waldorf Park is located at 3728 Robert S Crain Highway in Waldorf Park, Maryland. Waldorf Park is an 8,485 square foot retail plaza positioned on a 1.068-acre parcel of land. The Property is 100% leased to a strong roster of national tenants including Starbucks, Crumbl Cookies, Jersey Mike’s and Aspen Dental. Constructed in 2022, all four of the tenants have 7+ years remaining on their leases with several renewal options. Each lease features an attractive rent increase every 5-years throughout the primary lease terms and at the start of each renewal option period. Additionally, all of the tenants have NNN leases and are responsible for 100% of the operating expenses. Waldorf Park is strategically located at the intersection of Smallwood Drive and Robert S Crain Highway, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility, and sees more than 79,400 vehicles per day. The Property is adjacent to a Chick-fil-A and is minutes from St. Charles Towne Center, a 1 million square foot mall. Waldorf Park is also within 0.5-miles of a new $100 million Kaiser Permanente Medical Center (under construction), and is surrounded by national retailers and restaurants that drive traffic to the area. Additionally, Waldorf Park is convenient to densely populated residential neighborhoods and area schools that provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.