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Baldus Retail Center 6700 Crain Hwy

11,688 SF 100% Leased Retail Building La Plata, MD 20646 $5,400,000 ($462/SF) 6% Cap Rate

Executive Summary

Established medical/retail center with 11,000~ leasable sqft and current occupancy at 100%. Three tenants under lease, one of which being a nationally recognized company in DaVita Dialysis. The other 2 tenants are Precision Orthopedics & Sports Medicine and B Doughnut - La Plata. CAM fees pay for Taxes and Insurance and all property maintenance. Access to 80+ parking spaces. Ideally situated off of Route 301 with high visibility and has roughly a 30,000+ ~ total population within a 5 mile radius, with median household income of over $119,000. High visibility and easily commutable.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,688 SF
Year Built
2018
Price
$5,400,000
Price Per SF
$462
Cap Rate
6%
NOI
$324,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Land Acres
1.69 AC
Zoning
CH - The property is located in the commercial highway zone
Parking
80 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
240 FT on Crain Highway

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

Nearby Major Retailers

Apple Spice
Shore United Bank
WesBanco
Truist
Starbucks
Outback Steakhouse
Coal Road Crossfit
The Greene Turtle Sports Bar& Grille
Bank of America
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-000209
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,768,167
  • Listing ID: 33777708

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 6700 Crain Hwy, La Plata, MD 20646

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