It is a shopping mall in Mount Airy, Maryland.
Description
Shopping mall area of 7,926 m², plot of 46,378 m², was built in 1987.
The building is in good overall condition, there are regular renovationts and sanations.
15 premises, which occupy 82% of the total area, are leased to various tenants.
The current yield of 6–7%.
There is potential to increase yields by negotiations of the final financial terms with the seller, as well as construction of additional and leasing of vacant leasable space as well as indexing rental rates.
Shopping mall premises are leased to 15 different tenants, anchor is Food Lion, which has 1,100 supermarkets all over the country.
The lease contracts are signed until 2015–2030.
The mall is located between Baltimore metro area and Westminster, every day traffic is more than 42,000 vehicles.
The store has good access to the federal highways due to the roads MD route 140, Route I-795 and Route 91.
