Livingston Square Strip Centers — Sale in Fort Washington, MD

  • Price: $9.9M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Fort Washington, MD 20744
  • Year built: 2023

Photos

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Description

Jones Lang LaSalle is pleased to present the opportunity to acquire Livingston Square Strip Centers – a recently delivered Giant-shadow-anchored strip center located 20 minutes outside of Washington, DC. The Property consists of two separately parceled, multi-tenant strip centers totaling 19,566 square feet with a shared entrance and parking field with the market-dominant grocer, Giant. The Property was part of the Livingston Square Mall redevelopment; both buildings were constructed in 2023, distinguishing itself from its competitive set as the premier strip centers in the submarket. The Property is 100% leased to a meticulously assembled rent roll with fast-casual food and beverage establishments (Panera Bread, Jersey Mike’s, and Sake Express), medical users (Heartland Dental, Patriot Urgent Care), and service-oriented retailers (Andrews Federal Credit Union, Metropolitan Nail Bar). The Property is located in Fort Washington, MD along the going-home side of highly trafficked commuter road Indian Head Hwy (69,249 VPD). With minimal CapEx requirements, Livingston Square Strip Centers provide a secure income stream via 8.4 years of WALT and 59% of rental revenue derived from credit tenants.

Market Context

This retail in Fort Washington, MD is listed for sale at $9,900,000. The building dates to 2023. Compare it against other retail listings for sale in Fort Washington, MD — view the full market.

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