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5960 Belair Rd 12,800 SF 100% Leased Retail Building Baltimore, MD 21206 $4,050,000 ($316.41/SF) 6.55% Cap Rate



Investment Highlights
- Purpose Built Neighborhood Retail Center
- Corporately guaranteed NNN leases with 10-year track record of occupancy
- Shadow-Anchored
Executive Summary
constructed 12,800 SF retail center located in Baltimore City, Maryland. To accommodate a growing retail market, the center was 100% pre-leased to
PNC and Dollar Tree prior to its construction in the Fall of 2015.
Both tenants have recently executed their first Five-Year renewal option after a successful 10-year initial term.
The Property also enjoys the benefits of its co-tenancy with Dunkin and the newly constructed and anticipated LIDL Supermarket.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- 24 Hour Access
- Banking
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Dollar Tree, Inc. is a major North American discount retailer headquartered in Chesapeake, Virginia. The company operates a large network of small-format stores across the United States and Canada, offering low-priced consumables, household goods, seasonal merchandise, health and beauty products, and snacks. Dollar Tree is widely recognized for its fixed-price strategy, selling most products at a set low price point through its Dollar Tree banner, while its Family Dollar banner offers everyday low-cost merchandise across variable price ranges. Corporate operations at the Chesapeake headquarters oversee merchandising, supply chain, marketing, finance, human resources, and real estate activities supporting thousands of stores nationwide. Dollar Tree emphasizes convenience, value, and efficient distribution, with additional support from multiple distribution centers throughout North America.
PNC Bank has origins dating back to 1852 with the founding of Pittsburgh Trust and Savings Company. It became PNC Financial Corporation in 1983 through a merger. The company has since grown through various mergers and acquisitions. PNC Bank operates as a diversified financial institution offering services like retail banking, corporate banking, and wealth management. It serves millions of customers and has a significant presence in many U.S. markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | 10,000 SF | - | Triple Net | Jan 2031 | |
|
Finance and Insurance | 2,800 SF | - | Triple Net | Feb 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 5695E-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,380,067 |
Property Taxes
Presented by
5960 Belair Rd
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