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Main Street at Joppa 3613-3615 E Joppa Rd 21,399 SF 97% Leased Retail Building Baltimore, MD 21234 $5,650,000 ($264.03/SF) 8.10% Cap Rate
INVESTMENT HIGHLIGHTS
- 97% leased, professionally maintained, excellent parking and access, and prominent Joppa Rd signage
- Below-market rents with annual escalations across the roster
- Destination mix: retail, dining, service, and office tenants resilient to cycles
- Nearby arteries delivering 45K - 60K daily traffic counts; minutes from I-695, and I-95
EXECUTIVE SUMMARY
97% Leased Neighborhood Mixed-Use in Parkville/Perry Hall!
Super-stable mix of 70% NNN Ground Floor Retail Tenants & 30% 2nd-Floor Office.
Main Street at Joppa is a 22,800 SF retail center in Parkville/Perry Hall, located in a dense single-family residential market on busy E Joppa Rd,
just blocks from Belair Rd, White Marsh Blvd, I-695, and I-95.
The center is immaculately maintained with strong curb-appeal, a large lot, easy access, and prominent signage on E. Joppa Road. With 11 tenants, and
anchored by The All-American Steakhouse, the center features a destination-oriented set of ground-floor retailers
Super-stable mix of 70% NNN Ground Floor Retail Tenants & 30% 2nd-Floor Office.
Main Street at Joppa is a 22,800 SF retail center in Parkville/Perry Hall, located in a dense single-family residential market on busy E Joppa Rd,
just blocks from Belair Rd, White Marsh Blvd, I-695, and I-95.
The center is immaculately maintained with strong curb-appeal, a large lot, easy access, and prominent signage on E. Joppa Road. With 11 tenants, and
anchored by The All-American Steakhouse, the center features a destination-oriented set of ground-floor retailers
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,399 SF
Building Class
B
Year Built
2006
Price
$5,650,000
Price Per SF
$264.03
Cap Rate
8.10%
NOI
$457,650
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
2.20 AC
Zoning
BL
Parking
128 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
311’ on E Joppa Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $91,700 | Total Assessment | $4,473,267 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$91,700
Improvements Assessment
$0
Total Assessment
$4,473,267
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Main Street at Joppa | 3613-3615 E Joppa Rd
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