Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer The Centre at Glen Burnie (the “Property”), a 202,265 square foot, grocery anchored shopping center located in Glen Burnie, MD. The 99% occupied Property features an excellent tenant lineup that includes Burlington, Ollie’s Bargain Outlet, Chick-fil-A, and more.
The Property provides investors a tenant lineup with over 15+ years of weighted average tenure and an ideal merchandising mix of modern retail uses that include grocery / necessity, service-oriented, food & beverage, discount and more. The Property also features a best-in-class, destination-oriented shadow anchor in Target who had over 1.4 million visits in the last 12 months.
The Centre at Glen Burnie offers investors secure, long-term income from an essential tenant base where over 82% of the Property’s gross income is derived from credit and national tenancy. The Property is located in the third wealthiest County in the State with a median household income in excess of $104,000 and ideally positioned with direct access and visibility to Route 2 (+20,000 VPD).
Caractéristiques de l'actif
Média
Points clés d'investissement
- Grocery-Anchored Shopping Center with Best-in-Class Shadow Anchor in Target
- Excellent National / Credit Profile with Recent Leasing Momentum
- Strategically Positioned with Dense, Affluent Consumer Base (3-Mile AHHI: $104,643 & Population: 84,495) & Access to Major Employment Centers
- Upside from 2+ Acre Development Site
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