Property Listing No Longer Available for Sale

8890 McDonogh Road, Owings Mills, MD

Retail for Sale - $1,050,000 - 2,800 Sq. Ft.


Property Info

CIMLS#431479
Location
  8890 McDonogh Road
  Owings Mills MD 21117
UpdatedAugust 17th, 2012
TypeRetail
Price$1,050,000
Building2,800 Sq. Ft.

Property Description

This opportunity presents a ground-floor retail condo leased to 7-Eleven, Inc. This end unit is situated at the entryway of McDonogh Village & Professional Center, a 68,850-square foot office and retail building. 7-Eleven has signed a new ten year lease with three five-year options. McDonogh Village & Professional Center is a new development nearing completion in Owings Mills, Maryland. This aesthetically-appealing center was designed to meet the needs of the affluent residents and businesses of the trade area. It is adjacent to both the renowned McDonogh School and the T. Rowe Price Corporate Campus. Owings Mills is home to the northern terminus for the Baltimore Metro Subway and to Owings Mills Mall. The site is highly populated as traffic from Interstate 795 finds this an accessible stop off of the highway. In recent years, Owings Mills has experienced a dramatic increase in new development, population growth, and traffic influx. With this shift, the state of Maryland has undergone construction to widen roadways and has increased bus service in the area. Construction of new urban projects in Owings Mills continues, including housing units, shopping, and office space. Owings Mills is also home to the Baltimore Ravens' headquarters facility. Owings Mills, Maryland is a suburb of Baltimore and was voted by CNNMoney.com as #49 of the "100 Best Places to Live and Launch". 7-Eleven, Inc. is the world's largest convenience store chain, with more than 39,100 stores in 16 countries, of which more than 8,200 are in North America. The company has more outlets than any other retailer or food service provider. For Full Offering Memorandum Contact Listing Agent.


Financials

This opportunity presents a ground-floor retail condo leased to 7-Eleven, Inc. This end unit is situated at the entryway of McDonogh Village & Professional Center, a 68,850-square foot office and retail building. 7-Eleven has signed a new ten year lease with three five-year options.

McDonogh Village & Professional Center is a new development nearing completion in Owings Mills, Maryland. This

aesthetically-appealing center was designed to meet the needs of the affluent residents and businesses of the trade area. It is adjacent to both the renowned McDonogh School and the T. Rowe Price Corporate Campus. Owings Mills is home to the northern terminus for the Baltimore Metro Subway and to Owings Mills Mall. The site is highly populated as traffic from Interstate 795 finds this an accessible stop off of the highway. In recent years, Owings Mills has experienced a dramatic increase in new development, population growth, and traffic influx. With this shift, the state of Maryland has undergone

construction to widen roadways and has increased bus service in the area. Construction of new urban projects in Owings Mills continues, including housing units, shopping, and office space. Owings Mills is also home to the Baltimore Ravens' headquarters facility. Owings Mills, Maryland is a suburb of Baltimore and was voted by CNNMoney.com as #49 of the "100 Best Places to Live and Launch". 7-Eleven, Inc. is the world's largest convenience store chain, with more than 39,100 stores in 16 countries, of which more than 8,200 are in North America. The company has more outlets than any other retailer or food service provider.

For Full Offering Memorandum Contact Listing Agent.

MD Broker; David Feldman (Lic # 637674; david.feldman@marcusmill ichap.com; 202-536-3700)

MD Agent; Derrick Dougherty (derrick.dougherty@marcusmillachap.com; 215-531-7000)



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