3600 Crain Hwy
Waldorf, MD 20603
Hooters · Retail Property For Sale

Horvath & Tremblay, as exclusive listing agent, is pleased to market for sale the fee-simple interest in the single-tenant, triple-net leased Hooters property located at 3600 Crain Highway in Waldorf, Maryland (Washington, D.C. MSA). Hooters has been in occupancy since July 2005 and has over eight years remaining on the current lease term plus two additional five year options. The Hooter's lease provides for a 10% rent escalation in the first year of both renewal terms and is fully guaranteed by the parent corporation, Hooters of America, Inc. This extremely well located property sits along the heavily traveled Crain Highway, in the heart of the region's busiest and most popular retail destination. Waldorf, Maryland is a bedroom community of over 67,000 residents located approximately 25 miles due south of Washington D.C. The property is located directly across from the main entrance to St. Charles Towne Center, a 2-story destination shopping mall completely remodeled in 2007. In addition to Waldorf and the master planned community of St. Charles, the St. Charles Towne Center also draws regional shoppers and diners from the surrounding Maryland counties and Washington, D.C., and has a trade area population of approximately 311,000 people. The location is further enhanced by the draw of the "Waldorf Motor Mile," and its string of car dealerships located approximately one mile north of the property on Crain Highway.