Tailored Brands Inc. 500 Hanover Pike

210,000 SF Industrial Building Hampstead, MD 21074 For Sale

INVESTMENT HIGHLIGHTS

  • Long-term, passive income with a 15-year Abs. NNN Lease & Annual Increases with Corporate Guarantee
  • One of the largest retailers dedicated to Men’s Clothing
  • Excellent Facility Access with Close Proximity to I-795 via Maryland Route 30
  • Mission Critical Location
  • Diverse Customer Base Across Brands & Leading Position in Formal Wear

EXECUTIVE SUMMARY

Northmarq Commercial, as exclusive advisor, is pleased to present the opportunity to acquire a distribution center owned and operated by Tailored Brands Inc. Located in Hampstead (Baltimore), Maryland, the asset is comprised of 210,000 square feet on a total of 38.4 acres. This transaction considers a sale leaseback in which the facility would be 100% leased on an absolute NNN basis to Tailored Shared Services, a wholly owned subsidiary of Tailored Brands Inc. (“TBI” or the “Company”) for a primary term of 15 years.

PROPERTY FACTS

Sale Type Investment NNN
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Office Office Live Work Unit
Building Class C
Lot Size 38.40 AC
Rentable Building Area 210,000 SF
No. Stories 1
Year Built 1970
Tenancy Single
Parking Ratio 0.95/1,000 SF
Clear Ceiling Height 26’
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 4

UTILITIES

  • Gas - Natural
  • Heating - Gas

PROPERTY TAXES

ZONING

Zoning Code Light Manufacturing (Light Industrial)
  • Listing ID: 30885008

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 500 Hanover Pike, Hampstead, MD 21074