330 140 Village Rd
Westminster, MD 21157
Fairground Village Shopping Center · Retail Property For Sale

Fairground Village Center represents a rare opportunity to acquire a stabilized neighborhood retail center asset that is professionally managed, well-maintained and 96% occupied. The center offers diverse cash flows from 15 tenants, all of which have base year caps for taxes and pay all utilities. The Westminster average retail rent of $17.82 PSF (NNN) offers appreciation upside and positions Fairground Village very competitively with in-place rents 16% lower with a $14.93 average (NNN equivalent). In the cost-sensitive market of Westminster, 1,200 SF small bays are the ideal starting size for small businesses needing affordable retail space. Fairground Village Center is uniquely suited to support these tenants with 10 of its 16 units consisting of 1,200 SF and primed to capitalize on rental inflation with tenants that are more focused on total monthly rent over price per square foot.