UPDATE: Newly renegotiated lease with 5% escalation | 7.32% Cap Rate Available for the first time in 70 years, 7605-7609 Marlboro Pike is a ±3,710 SF fully-leased retail asset offering immediate, high-performance cash flow. The property is 100% occupied by long-term tenants, recently bolstered by a newly renegotiated lease for the nail salon suite featuring 5% annual rent escalations. This lease structure provides a superior yield-on-cost and protection against inflation, supporting a robust 7.32% Cap Rate at the $1,750,000 list price. Positioned on a high-visibility corridor (31,000 VPD) within a Prince George’s County revitalization zone, the asset has maintained a legendary 0% vacancy rate under family ownership since 1956. This is a premier 1031 exchange opportunity, offering rare stability combined with aggressive rental growth. For investors, this translates into a compelling profile: - In-place income today - Basis below replacement cost in a transitioning corridor - Exposure to a multi-year redevelopment initiative backed by local planning authorities Please do not disturb tenants. Notify advisor if you require access inside each shop.
Listed By
Agency Name: Engel & Volkers Washington, DC
Agency Phone: 2025255236
Shown By
Agent Name: Bobbi Washabaugh
Agent Phone: (717) 491-0690
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
| MLS# MDPG2198748
This commercial property located at , District Heights, MD 20747 is currently listed for sale with an asking price of $1,750,000. is located within the PRINCE GEORGES COUNTY PUBLIC SCHOOLS school district. Search District Heights real estate on www.yourhomewithbobbi.com today.