502 Baltimore Pike
Bel Air, MD 21014
Chili's | Above AUV Sales! · Retail Property For Sale

EXTENDED 10-YEAR TERM WITH STRONG SALES VOLUMES – The tenant recently executed a 10-year extension; this early renewal indicates the tenant’s commitment to this location. The tenant was paying significant percentage rent prior to the renewal. ABOVE AUV SALES AND LONG-TERM OCCUPANCY – The tenant’s most recent sales were $3.798M which are 35% higher than the AUV for Chili’s in 2018. Chili’s has occupied this building for more than 30 years and sales indicate success at this location in one of the region’s strongest retail markets. EASY AND CONVENIENT ACCESS FROM HEAVILY TRAFFICKED ROUTE 1 & ROUTE 24 (VIETNAM VETERANS MEMORIAL HIGHWAY) INTERCHANGE – Route 1 (Belair Bypass) averages more than 43,302 vehicles per day and runs north to Philadelphia and south to Baltimore. PRIMARY RETAIL CORRIDOR – The Property is positioned within the epicenter of the retail corridor at the market’s dominant intersection of Route 24 (22,462 VPD) and Belair Rd (32,952 VPD). Chili’s is a pad site to Bel Air Town Center, and on the opposing corners from Target-anchored Bel Air Plaza, TJ Maxx and Home Depot-anchored Tollgate Marketplace and Macy’s-anchored Harford Mall.