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7090 Deepage Dr
Columbia, MD 21045
Snowden Crossing · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- 12,137 SF - 100% Occupied
- Near 2% Compound Annual Growth Rate in Rent (CAGR)
- Anchored by Starbucks – 19+ Years of Occupancy and a Recent 10-Year Lease Extension
- 5+ Year Weighted Average Lease Term Remaining (WALT)
EXECUTIVE SUMMARY
Anchored by Starbucks since 2006
The Property recently underwent a $2 million capital improvement project that included a building expansion, new façades, roofing, site and landscaping upgrades, and complete tenant build-outs. As part of the renovation, Starbucks relocated to the end-cap to allow for a drive-thru lane, and executed a 10-year lease extension, further reinforcing its long-term commitment to the location.
Starbucks is joined by Crimson Coward, a rapidly expanding hot-chicken concept from California, which selected Snowden Crossing for its first Maryland location, and Charm City Run, a regional running and walking specialty company with seven locations around Maryland and Delaware.
The center’s largest tenant, Curaleaf, a leading national cannabis operator, is well positioned to benefit from Maryland’s legalization of recreational cannabis. Curaleaf’s sales were $7.6 million in the past 12 months, up 242% since the state of Maryland legalized cannabis for recreational use.
Positioned in the Heart of Columbia
Situated in the heart of Columbia, Snowden Crossing enjoys a high-barrier-to-entry location within one of the most successful master-planned communities in the country. The Columbia South submarket has historically maintained exceptionally high occupancy rates, due in part to the arduous commercial planning and zoning requirements in the master-planned community. The Property benefits from excellent regional accessibility, positioned just off Interstate-95, between Route 32 (Patuxent Freeway) and Route 175 (Rouse Parkway), providing easy access throughout the greater Howard County trade area.
Columbia is strategically located in Howard County —the 6th wealthiest county in the United States, midway between Washington, D.C. and Baltimore. It offers residents convenient access to both metropolitan job centers and allows local employers to draw from a highly educated, dual-market workforce. The area also benefits from proximity to several major regional employers in high-growth sectors, including Fort Meade 11 miles east—Maryland’s largest employer and home to the National Security Agency and U.S. Cyber Command.
The Property recently underwent a $2 million capital improvement project that included a building expansion, new façades, roofing, site and landscaping upgrades, and complete tenant build-outs. As part of the renovation, Starbucks relocated to the end-cap to allow for a drive-thru lane, and executed a 10-year lease extension, further reinforcing its long-term commitment to the location.
Starbucks is joined by Crimson Coward, a rapidly expanding hot-chicken concept from California, which selected Snowden Crossing for its first Maryland location, and Charm City Run, a regional running and walking specialty company with seven locations around Maryland and Delaware.
The center’s largest tenant, Curaleaf, a leading national cannabis operator, is well positioned to benefit from Maryland’s legalization of recreational cannabis. Curaleaf’s sales were $7.6 million in the past 12 months, up 242% since the state of Maryland legalized cannabis for recreational use.
Positioned in the Heart of Columbia
Situated in the heart of Columbia, Snowden Crossing enjoys a high-barrier-to-entry location within one of the most successful master-planned communities in the country. The Columbia South submarket has historically maintained exceptionally high occupancy rates, due in part to the arduous commercial planning and zoning requirements in the master-planned community. The Property benefits from excellent regional accessibility, positioned just off Interstate-95, between Route 32 (Patuxent Freeway) and Route 175 (Rouse Parkway), providing easy access throughout the greater Howard County trade area.
Columbia is strategically located in Howard County —the 6th wealthiest county in the United States, midway between Washington, D.C. and Baltimore. It offers residents convenient access to both metropolitan job centers and allows local employers to draw from a highly educated, dual-market workforce. The area also benefits from proximity to several major regional employers in high-growth sectors, including Fort Meade 11 miles east—Maryland’s largest employer and home to the National Security Agency and U.S. Cyber Command.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,137 SF
Building Class
B
Year Built/Renovated
1977/2023
Price
$15,623,530 CAD
Price Per SF
$1,287.26 CAD
Cap Rate
6.25%
NOI
$976,470 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.75 AC
Zoning
NT, Columbia
Parking
93 Spaces (7.66 Spaces per 1,000 SF Leased)
Frontage
86’ on Deepage Dr
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 16-108030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,489,232 CAD |
PROPERTY TAXES
Parcel Number
16-108030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,489,232 CAD
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