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Investment Highlights
- 97.4% Leased Mixed-Use Office & Retail Center with Strong Rent Roll: Government Contractors, Medical, Technology, Professional Services, and Retail.
- Shadow-Anchored by Weis Markets, a Daily-Needs Grocer Driving Consistent Traffic to the Center.
- Blended Lease Structures With Scheduled Rent Increases and NNN Retail Tenancies.
- Potential Value-Add Opportunity via Future Outlot Development (±30,000 SF Pad Site).
- Strong Traffic Exposure: 29,163 VPD on MD-175/Annapolis Road and 43,182 VPD on MD-32.
- Anchored by the Region’s Largest Economic Driver – Fort George G. Meade: ~57,000 Employees.
Executive Summary
Marcus & Millichap is pleased to present Seven Oaks Shopping Center, a 106,080-square-foot mixed-use office and retail property located at 2288 Blue Water Boulevard in Odenton, Maryland. The property spans 11.87 acres and offers generous surface parking, supporting a broad range of professional, medical, and service-oriented users. The center is shadow-anchored by a Weis Markets, providing daily-needs grocery adjacency that enhances traffic flow and tenant demand. Seven Oaks Shopping Center is 97.4 percent occupied by a diversified tenant mix of office, medical, government-contractor, technology, and service tenants, many of which rely on proximity to one of the most secure and concentrated federal employment hubs in the country. Retail suites operate on NNN lease structures, and numerous leases include scheduled annual rent increases, contributing to stable and predictable cash flow. The property also offers additional value-add potential through a Potential Outlot Development Area located east of the existing outlot, which has been conceptually planned to accommodate an approximately 5,000-square-foot drive-thru building, subject to required approvals.
Seven Oaks Shopping Center is a location-driven, employment-support asset positioned just one block from Fort George G. Meade, Maryland’s largest employment base. Fort Meade is home to major federal agencies including the National Security Agency, U.S. Cyber Command, and the Defense Information Systems Agency, and directly supports approximately 57,000 military personnel, civilian employees, and government contractors engaged in mission-critical national defense, intelligence, cybersecurity, and information operations. This concentration of high-skill, federally backed employment generates sustained demand for commercial space and contributes to long-term tenant stability insulated from broader retail and office market volatility.
Unlike a traditional neighborhood retail center, the property is designed to support the daily needs of a dense, on-site workforce. Tenant demand is driven by consistent weekday activity tied to employment patterns rather than discretionary consumer spending, resulting in reliable foot traffic and a strong daytime population. This operating profile reinforces the property’s stability and positions it as a workforce-anchored commercial asset rather than a conventional consumer-oriented retail center.
The strength of the surrounding employment base further enhances the property’s investment profile. Within a five-mile radius, the property benefits from a daytime population of 146,399, driven by the concentration of federal agencies, defense contractors, and corporate facilities anchored by Fort George G. Meade. This dense weekday population supports consistent demand for office, medical, and service-oriented uses, reinforcing Seven Oaks Shopping Center’s positioning as a workforce-supported commercial asset. The area also features an average household income of $145,653, well above national averages, supported by a highly educated workforce closely aligned with federal, defense, and technology sectors.
Strategically located along Annapolis Road (MD-175) with direct access to I-97 and MD-295, the property offers excellent visibility and efficient connectivity throughout the Baltimore–Washington corridor. Annapolis Road carries approximately 29,163 vehicles per day, while the Patuxent Freeway (MD-32) supports approximately 43,182 vehicles per day, providing strong regional exposure and accessibility. The property is also conveniently accessible to the Odenton MARC Train Station, which provides direct commuter rail service to Washington, D.C. and Baltimore, supporting daily workforce connectivity to the Fort Meade employment base. The surrounding commercial landscape includes national retailers, healthcare facilities, hospitality operators, and federal-industry support services, reinforcing long-term tenant demand and business viability.
Seven Oaks Shopping Center presents investors with the opportunity to acquire a stable, income-producing asset embedded within one of the most economically secure and strategically important regions in the Mid-Atlantic. Backed by federal infrastructure and non-discretionary tenant demand, the property delivers long-term stability driven by national defense, cybersecurity, healthcare, and professional employment rather than traditional retail cycles
Seven Oaks Shopping Center is a location-driven, employment-support asset positioned just one block from Fort George G. Meade, Maryland’s largest employment base. Fort Meade is home to major federal agencies including the National Security Agency, U.S. Cyber Command, and the Defense Information Systems Agency, and directly supports approximately 57,000 military personnel, civilian employees, and government contractors engaged in mission-critical national defense, intelligence, cybersecurity, and information operations. This concentration of high-skill, federally backed employment generates sustained demand for commercial space and contributes to long-term tenant stability insulated from broader retail and office market volatility.
Unlike a traditional neighborhood retail center, the property is designed to support the daily needs of a dense, on-site workforce. Tenant demand is driven by consistent weekday activity tied to employment patterns rather than discretionary consumer spending, resulting in reliable foot traffic and a strong daytime population. This operating profile reinforces the property’s stability and positions it as a workforce-anchored commercial asset rather than a conventional consumer-oriented retail center.
The strength of the surrounding employment base further enhances the property’s investment profile. Within a five-mile radius, the property benefits from a daytime population of 146,399, driven by the concentration of federal agencies, defense contractors, and corporate facilities anchored by Fort George G. Meade. This dense weekday population supports consistent demand for office, medical, and service-oriented uses, reinforcing Seven Oaks Shopping Center’s positioning as a workforce-supported commercial asset. The area also features an average household income of $145,653, well above national averages, supported by a highly educated workforce closely aligned with federal, defense, and technology sectors.
Strategically located along Annapolis Road (MD-175) with direct access to I-97 and MD-295, the property offers excellent visibility and efficient connectivity throughout the Baltimore–Washington corridor. Annapolis Road carries approximately 29,163 vehicles per day, while the Patuxent Freeway (MD-32) supports approximately 43,182 vehicles per day, providing strong regional exposure and accessibility. The property is also conveniently accessible to the Odenton MARC Train Station, which provides direct commuter rail service to Washington, D.C. and Baltimore, supporting daily workforce connectivity to the Fort Meade employment base. The surrounding commercial landscape includes national retailers, healthcare facilities, hospitality operators, and federal-industry support services, reinforcing long-term tenant demand and business viability.
Seven Oaks Shopping Center presents investors with the opportunity to acquire a stable, income-producing asset embedded within one of the most economically secure and strategically important regions in the Mid-Atlantic. Backed by federal infrastructure and non-discretionary tenant demand, the property delivers long-term stability driven by national defense, cybersecurity, healthcare, and professional employment rather than traditional retail cycles
Property Facts
| Price | $22,000,000 | Status | Active |
| Price / SF | $237.21 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.88% | Total Building Size | 92,744 SF |
| Sale Type | Investment | Total Land Area | 12.55 AC |
| Price | $22,000,000 |
| Price / SF | $237.21 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.88% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 92,744 SF |
| Total Land Area | 12.55 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Retail Pad Site
2288 Blue Water Blvd, Odenton, MD 21113 |
Land | 0.68 AC | - | - |
| 2288 Blue Water Blvd, Odenton, MD 21113 | Office | 68,262 SF | 2011 | - |
|
Suites 410-490
2288 Blue Water Blvd, Odenton, MD 21113 |
Retail | 21,436 SF | 2001 | - |
|
Jersey Mike's Subs | Bruster's Real Ice Cream
2288 Blue Water Blvd, Odenton, MD 21113 |
Retail | 3,046 SF | 2014 | - |
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