1221-1245 Eastern Blvd
Essex, MD 21221
Eastern Blvd Shopping Center · Commerce de détail Propriété À vendre

KLNB Retail Capital Markets is pleased to exclusively offer for sale the fee simple interest in Eastern Boulevard Shopping Center, a value-add, service oriented neighborhood retail center. The property totals approximately 19,750 square feet across a traditional strip center and a freestanding single-tenant building in the rear, in the dense Essex submarket of Baltimore County, Maryland. With recent leasing moment, the subject property consists of a balanced roster of six seasoned tenants with a weighted average remaining lease term of 4 years. Additionally, upside is offered immediately through the leasing of a a rare, recently vacated, 1,875 square foot inline unit that was occupied for 37 years. Furthermore, the property showcases exceptional tenant loyalty, and performance, with a weighted average tenure of 8.1 years. Credit tenancy is supported by national credit tenant First Cash Pawn (parent company FirstCash Holdings, Inc., 3,300+ locations in 29 U.S. states and the District of Columbia, the United Kingdom and in Latin America) and regional, large franchisee operators Boost Mobile and Little Ceasars.