
Crosspoint Shopping Center
17151 Cole Rd, Hagerstown, MD, 21740-8319, US
15,804 m²
THE OFFERING
Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire Cromwell Field Shopping Center—a 89% leased, 233,506 square foot, AutoZone and Roses anchored neighborhood shopping center strategically positioned in Glen Burnie, Maryland. This asset benefits from exceptional connectivity and accessibility, situated adjacent to BWI Airport which processes over 74,000 passengers daily, while sharing a traffic light with the main entrance to Cromwell Station—the terminal stop of the Baltimore Light Rail system. This unparalleled transportation hub provides direct access to Baltimore's dense employment centers and southern suburbs creating a substantial captive customer base for the center's diverse tenant mix.
Cromwell Field Shopping Center offers an opportunity to acquire an exceptional asset featuring significant Mark-to-Market potential, a diversified tenant base with strong financial backing from nationally recognized retailers, exceptional outparcel development and monetization potential, and proven leasing momentum in this high-density retail corridor. The center's strategic positioning at the intersection of major transportation infrastructure combined with its established tenant roster, allows investors to capitalize on both stable current income and substantial future growth potential through multiple value enhancement opportunities.
• SIGNIFICANT RENTAL UPSIDE POTENTIAL through Mark-to-Market Opportunities with In-Place Tenants and Vacancies.
• DIVERSIFIED TENANT BASE WITH STRONG FINANCIAL BACKING featuring nationally recognized retailers including AutoZone, McDonald's, CSL Plasma, Dunkin', Valvoline, and Dollar Tree, which collectively represent 48% of total rental income.
• EXCEPTIONAL OUTPARCEL DEVELOPMENT AND MONETIZATION POTENTIAL including three existing investment-grade pad sites, one vacant drive-through-equipped site, and an additional 0.75-acre site primed for strategic pad development.
• STRONG LEASING VELOCITY IN HIGH DENSITY RETAIL CORRIDOR with demonstrated leasing success capturing 38% of available space over the past two years, indicating high demand in this established retail hub.
• STRATEGIC LOCATION adjacent to BWI Airport, the Cromwell Light Rail Station, and Glen Burnie’s prime retail corridor along Route 2.