2301-2375 Rolling Road
Woodlawn, MD 21208 ·
84,913 SF · Retail For Sale
Dogwood Station Shopping Center
|Price||N/A||Property Use Type||Investment|
|Building Size||84,913 SF||Cap Rate||10%|
|Property Sub-type||Retail (Other)||Lot Size||11.25 AC|
|Listing ID: 13536505||Date Created: 08/29/2002||Last Updated: 11/18/2002|
Comprised of 84,913 square feet of retail space and currently 100% occupied, Dogwood Station provides an excellent opportunity to acquire a stable, well maintained neighborhood center in a densely populated commercial and residential corridor. Dogwood Station is anchored by Mars Supermarket, CVS, Family Dollar, Pizza Hut and Wendy's. Smaller tenants include a roster of local and regional businesses including medical offices, a dry cleaner, beauty salon and financial institution.
Constructed in 1991, the center is brick and split faced block with plate glass set in aluminum frames. The center has excellent visibility and access, located at the intersection of Dogwood and Rolling Roads in Woodlawn. This location is only minutes away from the Security Boulevard exit of the Baltimore Beltway, close to significant retail and commercial development and a variety of new multi-family communities.
Dogwood Station is an excellent investment opportunity given the strong tenant roster, superior visibility and access, densely populated surroundings and excellent condition and appearance of the center. Based on 2002 net operating income of $939,243, the sales price of $9,500,00
Intersection of Rolling Road and Dogwood Road in the Woodlawn neighborhood of Baltimore County, Maryland.
The Woodlawn neighborhood is home to a variety of large commercial and residential projects. There are almost 2,400 businesses and over 86,000 people within a 3 mile radius of the center, and average household incomes exceed $52,000. The Health Care Finance Administration occupies over 900,000 square feet within ¼ mile of Dogwood Station, and other stable employers include the Social Security Administration's headquarters office complex and United Parcel Service. Two major business parks totaling 2.5 million square feet are located on Rolling Road are within a few miles of Dogwood Station. Extensive residential developments including new multi-family communities like Windsor Commons (photos are included in a later section) are within two blocks. Retail synergy is achieved by proximity to Security Square Mall and other neighborhood centers.
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