45033-45035 Worth Ave
California, MD 20619
Five Below · Retail Property For Sale
Investment Highlights
- Five Below, Inc. Corporate Guaranteed Lease (NASDAQ: FIVE)
- Prominent Retail Location on Highway 235 (“Three Notch Road”) at the Junction of Maryland Route 4
- Average Household Income of $110,570 within a 3 Mile Radius – More than Double the National Average
- Part of First Colony Shopping Center Anchored by Target, Lowe’s Home Improvement, CVS, BJ’s Wholesale, Michaels & Staples
- Growing Community with 27% Population Growth Since 2000
- Located on the Chesapeake Bay in Southern Maryland, 50 Miles South of Washington DC and 45 Miles from Alexandria, VA
Executive Summary
The subject property is prominently situated with excellent access and visibility along Highway 235 (“Three Notch Road” with 22,675 AADT) adjacent to its junction with Maryland State Route 4 (15,750 AADT). Highway 235 cuts through the center of California and serves as the main business artery and transportation corridor. The property benefits from robust, rapidly growing demographics; the population of the community has grown over 27% since 2000. The current population is 46,653 in a 5-mile radius with an average household income of $110,570 in a 3-mile radius – approximately twice the national average. The site benefits from a prominent retail location in close proximity to numerous shopping centers, major retail tenants, and large employers. The Property is a part of First Colony Shopping Center Anchored by Target, Lowe’s Home Improvement, CVS, BJ’s Wholesale, Michaels & Staples. Other Co-tenants include: Chick-fil-A, Burger King, Pier 1, Verizon, Tires Plus, Wawa, Bob Evans, SunTrust & California Wine & Spirits and more. Other nearby retail tenants include Walmart Supercenter, Ross Dress for Less, Old Navy, Petco, Best Buy, Hobby Lobby, Advance Auto, Panera Bread, Five Guys, Dunkin’, McDonald’s, Applebee’s, Wendy’s, Popeye’s and more. This property is listed in conjunction with Maryland-licensed real estate broker Segall Group.
Property Facts
| Property Type | Retail | No. Stories | 1 |
| Building Class | B | Year Built | 2001 |
| Lot Size | 2.51 AC | No. Dock-High Doors/Loading | 1 |
| Gross Leasable Area | 23,577 SF | APN / Parcel ID | |
| Zoning | CC | ||
| Property Type | Retail |
| Building Class | B |
| Lot Size | 2.51 AC |
| Gross Leasable Area | 23,577 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| No. Dock-High Doors/Loading | 1 |
| APN / Parcel ID | |
| Zoning | CC |
Amenities
- Security System
- Signage
- Air Conditioning
