Description

Jones Lang LaSalle is pleased to present the opportunity to acquire Livingston Square Strip Centers – a recently delivered Giant-shadow-anchored strip center located 20 minutes outside of Washington, DC. The Property consists of two separately parceled, multi-tenant strip centers totaling 19,566 square feet with a shared entrance and parking field with the market-dominant grocer, Giant.

The Property was part of the Livingston Square Mall redevelopment; both buildings were constructed in 2023, distinguishing itself from its competitive set as the premier strip centers in the submarket. The Property is 100% leased to a meticulously assembled rent roll with fast-casual food and beverage establishments (Panera Bread, Jersey Mike’s, and Sake Express), medical users (Heartland Dental, Patriot Urgent Care), and service-oriented retailers (Andrews Federal Credit Union, Metropolitan Nail Bar).

The Property is located in Fort Washington, MD along the going-home side of highly trafficked commuter road Indian Head Hwy (69,249 VPD). With minimal CapEx requirements, Livingston Square Strip Centers provide a secure income stream via 8.4 years of WALT and 59% of rental revenue derived from credit tenants.

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Attributes

Building area net

19,566 sf

Occupancy

100%

Year built

2023

Media

Investment Highlights

Market-Leading Asset

Constructed in 2023, Premier Tenants are Drawn to the Property as the Submarket's Newest Delivery in a Supply-Constrained Environment
The Greater Shopping Center Attracts 2.7M Visits Annually, Ranking in the 88th Percentile Nationally Among Neighborhood Centers

Giant Shadow-Anchored

Elite Shadow Anchor: Most-Visited Giant Location in a 10-Mile Radius
Commanding 1.1M Visits Annually, this Giant Ranks in the 91st Percentile Nationally

Secure Rent Roll

100% Leased with 8.4 Years of WALT with All Tenants Having Term through 2033+
Service-Based, E-Commerce Resistant Merchandising Mix with 59% of Rental Revenue Derived from Creditworthy Tenants