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Food Lion 6920 Crestwood Blvd 56,890 SF 100% Leased Retail Building Frederick, MD 21703 For Sale
Executive Summary
Legacy Realty Group Advisors is pleased to exclusively offer for sale Crestwood Plaza, a 56,890-square-foot Food Lion anchored shopping center located in Frederick, Maryland, within the Washington, DC MSA.? The property is 100% occupied and anchored by a top-performing Food Lion that recently renewed its lease through 2032 and generated $21.6 million in 2025 sales ($655 PSF).? Situated at the signalized intersection of Crestwood Boulevard and New Design Road, the center serves a dense and affluent trade area with more than 131,000 residents within five miles and average household incomes exceeding $131,000.? The surrounding population has grown approximately 14.8% since 2020 and is projected to increase an additional 8.5% through 2031.? Crestwood Plaza offers investors stable grocery-anchored cash flow, limited near-term capital requirements, and future upside through mark-to-market leasing opportunities.?
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- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
56,890 SF
Building Class
B
Year Built/Renovated
1999/2023
NOI
$812,173
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
6.24 AC
Opportunity Zone
Yes
Zoning
Commercial
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-585977 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,470,900 |
Property Taxes
Parcel Number
28-585977
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,470,900
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Food Lion | 6920 Crestwood Blvd