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Westlake Village, Waldorf, MD

Westlake Village

MD, United States

Price $7,500,000
Cap Rate
NOI
Lease Term Various
Lease Type
Rental Increases Various
Year Built 2002
Building Size 45,395 sq. ft.
Lot Size 5.87 Acres (255,645 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

100% LEASED GROCERY-ANCHORED CENTER IN HIGH-TRAFFIC AREA
» Anchored by Food Lion, a regional grocery store chain with over 1,100 supermarkets in 11 states of the south-eastern U.S. and $17.3 billion in revenue
» Convenient access to U.S. Highway 301, which has an annual average daily traffic count of 55,293 vehicles
» Located in a dense retail corridor
» Excellent corner location, with a collective annual average daily traffic count of 21,575 vehicles on West Smallwood Drive and St. Patrick’s Drive

DIRECTLY ACROSS FROM THE ONLY REGIONAL MALL IN SOUTHERN MARYLAND – ST. CHARLES TOWN CENTER
» Two-level, enclosed shopping mall with 981,000 SF of retail area and six anchor tenants
» Over 130 retail stores, restaurants, and services that serve a trade area of 311,000

CLOSE PROXIMITY TO ST. CHARLES PLANNED COMMUNITY
» Planned community with 24,730 homes on 9,100 acres
» 40,000 residents, with new homes and townhouses still being built and sold
» Named one of the top 50 master-planned communities and one of “America’s Best Places to Live” by CNN Money Magazine

Click Here to Download Offering Memorandum


Property Description

SOLD

The subject property is strategically situated in the heart of Waldorf at the northwest corner of West Smallwood Drive and Saint Patrick’s Drive, which collectively experience an annual average daily traffic count of approximately 21,575 vehicles at the site. The property benefits from easy accessibility and excellent visibility, with convenient access to U.S. Highway 301, which experiences an annual average daily traffic count of 55,293, less than a mile east. Westlake Village is included within the large trade area that covers the southern portion of Prince George’s County as well as all of Charles County. The trade area has a population of approximately 311,000. The property is located in a dense retail area and is directly across from St. Charles Town Center, the only regional mall in Southern Maryland, which features 981,000 square feet of retail area and over 130 retail stores, restaurants, and services. Waldorf Shoppers World, Charles County Plaza, Waldorf Marketplace, and the Shops at Waldorf Center surround St. Charles Town Center, each featuring major national and regional retailers. Additionally, the site benefits from its proximity to the best-selling planned community in Southern Maryland, St. Charles. St. Charles encompasses 24,730 homes on 9,100 acres, with 40,000 residents living in the community.

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