1400-1415 E Cold Spring Ln
Baltimore, MD 21239
FAMILY DOLLAR ANCHORED CENTER · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to offer exclusively for sale Cold Spring Shopping Center located in the Hillen neighborhood of Baltimore, Maryland (the “Offering”). This shopping center was constructed in 1950, renovated in 2014 and has maintained high historical occupancy levels as an established neighborhood retail center in this mature dense submarket. The Offering is presently 93 percent occupied and anchored by Family Dollar who generates 42 percent of the overall gross income. Most recently, Family Dollar extended its lease term providing an investor a credit anchor with approximately 10 years of term remaining. While the center is stabilized and well occupied, one inline space of 1,400 square feet, and a basement space of 2,315 square feet-feet are available to be leased. Cash flow projections do not include lease up of the basement space leaving it as “free” upside to prospective purchasers. Lastly, investors will appreciate the $1 Million dollars in capital improvements invested in the property in 2014. These improvements include renovating the shopping center facade, building the Family Dollar space, new sidewalks, a loading dock, and a parking field overlay.