Research Row_Property for Sale
Research Row_Property for Sale
1407 Research Blvd, Rockville, MD, 20850-3159, US

Research Row

Asset Description

Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire Research Row – a 98% leased, 107,837 square foot, Fitness-anchored shopping center in Rockville, MD. Research Row presents a rare opportunity to acquire an exceptional asset featuring a MARKET DOMINANT FITNESS ANCHOR, STRATEGIC LOCATION WITHIN A DENSELY POPULATED PRIMARY LIFE SCIENCES NODE, AND OUTSTANDING CENTER FUNDAMENTALS WITH ALTERNATE DISPOSITION PATHWAYS.

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Attributes

Building area net
107,819 sf
Year built
2018
Occupancy
98%

Media

Investment Highlights

Market Dominant Fitness Anchor

  • Highest Performing Onelife in the Nation for Visits
  • Most Visited Gym in Maryland
  • 99th Percentile of Gym Visits Nationally
  • 27% Increase YOY in Visits

Strategic Location in a Densely Populated Primary Life Sciences Node

·  Within 3 Miles

  • $8 Billion of Buying Power within a 3-mile drive
  • 152,000 Daytime Population
  • $183,000 Average Household Income

·  Within 1-Mile

  • $209,324 Average Household Income within 1-mile
  • 75% of the Population within 1-Mile has a bachelor’s degree

·  Within Premier Lifes Sciences Node with over 350 Private-Sector Companies

·  Prime, billboard-equivalent visibility from I-270 (220,000 VPD) 


Outstanding center fundamentals with alternate disposition pathways

  •  ~9 Years of WALT
  • Pad Site Spin Off Opportunity With Chick-Fil-A
  • 98% Occupancy


Newer Build Asset with Limited Ongoing Capital Requirements

  • 2018 Build
  • All Roofs Under Warranty through 2043
  • Brand New Parking Lot and HVAC Systems reduce Future Capital Spend
Research Row 4_Property for Sale
Research Row 4_Property for Sale

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Research Row (0 Properties)

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Last updated
17 May 2024