Overlea Plaza is situated along Belair Road (U.S. Highway 1) in northeast Baltimore, Maryland. The center boasts excellent visibility and access from this location. There are two means of ingress/egress from Belair Road with two separate pylon signs promoting the current tenant base for the retail strip center and the Popeye's restaurant. The center also benefits from being located only minutes away from most of the major highways in the market (695, 95, 895). Across Belair Road is Overlea Shopping Center, a small center anchored by CVS/pharmacy. To the east of the property, is Belair Beltway Plaza anchored by Mercy Medical Center satellite office, Citi Bank, Carrabba's Italian Grill and Subway. To the west of the property, is Gardenville Shopping Center anchored by Aldi, Rite Aid and Family Dollar. Situated along Belair Road are a number of local businesses, including Overlea Diner, Overlea Health Rehabilitation Center and O'Hara's Irish Pub. Further, national credit tenants in the immediate trade area include Aldi, Rite Aid, CVS/pharmacy, AutoZone, McDonald's and KFC. The subject property is within a dense, infill urban location. Within three-miles of the subject property, there are 160,000 people, this figure almost triples to 460,000 people within five miles of the site.

Marcus & Millichap is pleased to present Overlea Plaza, a 13,780 square foot retail strip center located on Bel Air Road (Route 1) in Baltimore, Maryland. Overlea Plaza is located in the northeastern corner of Baltimore and has had a historically high occupancy rate. Currently, the center is 100 percent occupied by a mix of local tenants with Popeye's Chicken and Biscuits on a pad site. An astute investor will realize the value in Popeye's below market rent which minimizes the risk should they leave the site. Most of the tenants have annual rent increases structured into their lease with full recapture of all operating expenses, taxes, insurance and management/administration fees. The majority of the current tenant base have been operating from this location for over 10 years which testifies to the outstanding demographics that support the center. There are over 165,000 people within the immediate trade area, and 28,000 vehicles pass the site on a daily basis. The subject property will be delivered free and clear of debt, allowing a new first mortgage. New debt is available at a five-year fixed note, 70 percent loan-to-value, 5.50 percent interest rate, 25 year amortization. Priced at $3,350,000 this investment offers a stable cash flow of 8.26 percent cash-on-cash return.

For Full Offering Memorandum, Contact Listing Agent.

[MD Broker: David Feldman (Lic#637674) 202.536.3700]