Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1998
Building Area Gross
Occupancy 97.0 %
Call for Offers 2022-05-17

Property description

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively offer Rising Sun Towne Center, a 146,853 square foot, grocery anchored shopping center located in Rising Sun, Cecil County, Maryland. The 97% occupied property offers best-in-class anchors in Martin’s Food Market and Big Lots, with a combined tenure of 33+ Years at the Property. Martin's accounts for 66% of the Property's gross income with nearly 24 years of tenure at the Property. The Martin’s Food Market location is the #1 most visited store within the chain nationally, while Big Lots is the 3rd most visited location within the state of Maryland. The Property also features a well-balanced mix of service-oriented in-line tenancy offering Food & Beverage, Medical and Financial Services. The offering also includes a rare, investment grade, corporate guaranty from Koninklijke Ahold Delhaize N.V. (BBB; S&P), Martin's Food Market's parent company.

Investment highlights

DOMINANT, BEST-IN-CLASS ANCHORS IN MARTIN’S FOOD MARKET AND BIG LOTS

  • Martin's Food Market
    • 1.1M visits over the last 12 months
    • #1 most visited Martin's location in the country
    • Accounts for 66% of the Property's gross income
  • Big Lots
    • $3.7M in sales annually
    • $95+ sales PSF
    • 3rd most visited Big Lots location in the state of Maryland
    • Ranks 90th percentile of Big Lots across the country

HIGHLY SYNERGISTIC, ESSENTIAL RETAIL TENANT LINEUP

  • The Property's tenant lineup offers a variety of uses, including Food & Beverage, Medical and Financial Services, creating a true community center with excellent complimentary uses to the Martin's Food Market and Big Lots anchors
  • 91% of income is from Credit & National tenants

PREMIER LOCATION & ACCESS WITH REGIONAL CONNECTIVITY 

  • Ideally located along Route 273, offering exceptional visibility
  • 1.4 miles from US-1, the major North/South Interstate on the East Coast of The United States, and accessibility for cross border travel from neighboring Pennsylvania and Southern Maryland
Last Updated Date: 20 Apr 2022

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Last Updated Date: 20 Apr 2022

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