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Magothy Gateway 157 Ritchie Hwy
10,002 SF of Retail Space Available in Severna Park, MD 21146
Highlights
- Join: Anchor tenant Harris Teeter & CVS
- Located at a signalized intersection
- Traffic Count: Ritchie Highway: 46,152 ADT
- Within minutes of Routes 10, 100 & I-97
- One of the largest developable tracts fronting Route 2
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,002 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
139-147 Ritchie Hwy - 1st Floor
10,000 sf former Tuesday Morning available
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Magothy Gateway
- Tenant
- Description
- US Locations
- Reach
- Bella Luxe Nail Care & Spa
- Nail Salon
- 1
- Local
- Harris Teeter
- Supermarket
- 398
- National
- Maryland CVS Pharmacy, LLC
- Drug Store
- 10,651
- National
- QDOBA
- Fast-food
- 1,152
- International
- Tuesday Morning
- Off-Price
- 2
- National
- Uber Bagels & Deli
- Bagel
- 2
- Local
| Tenant | Description | US Locations | Reach |
| Bella Luxe Nail Care & Spa | Nail Salon | 1 | Local |
| Harris Teeter | Supermarket | 398 | National |
| Maryland CVS Pharmacy, LLC | Drug Store | 10,651 | National |
| QDOBA | Fast-food | 1,152 | International |
| Tuesday Morning | Off-Price | 2 | National |
| Uber Bagels & Deli | Bagel | 2 | Local |
PROPERTY FACTS FOR 157 Ritchie Hwy , Severna Park, MD 21146
| Center Type | Neighborhood Center | Total Land Area | 17.00 AC |
| Center Properties | 2 | Year Built | 2017 |
| Gross Leasable Area | 103,281 SF |
| Center Type | Neighborhood Center |
| Center Properties | 2 |
| Gross Leasable Area | 103,281 SF |
| Total Land Area | 17.00 AC |
| Year Built | 2017 |
About the Property
Become part of a vibrant retail hub with anchor tenants Harris Teeter and CVS, strategically positioned at the gateway into Severna Park. This premier location offers easy access within minutes to Routes 10, 100, and I-97. Located at a signalized intersection, the site boasts one of the largest developable tracts fronting Route 2, with an impressive traffic count of 46,152 ADT on Ritchie Highway. Elevate your business with unmatched visibility and accessibility.
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
Presented by
Magothy Gateway | 157 Ritchie Hwy
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