Shopping Center For Sale

Grantsville Plaza | Grantsville, MD

Sands Investment Group is Pleased to Present Exclusively the 84,410 SF Shopping Center For Sale Located in Western Maryland, Approximately 54 Minutes East of Morgantown, West Virginia. Grantsville Plaza is the Dominant Community Shopping Center in This Market Featuring Several National Tenant Anchors (47%), Such as Dollar General, Walgreens, True Value Hardware and NAPA Auto Parts. New Ownership Can Immediately Increase Value By Implementing an Aggressive Leasing Campaign to Fill the Former Shop N Save Grocery Box or Consolidating the Over 40,000 SF of Available Space Into Alternative Self Storage, Medical or Industrial Uses.

  • 84,410 SF Plaza With National Tenant Anchors Paying Well Below Market Rent
  • Former Grocery Box Includes Thousands of Dollars in FF&E
  • 51% Occupancy = Value Add Opportunity Through a Releasing Program or Redevelopment With Alternative Uses
  • Offering Price at $29.62 PSF Which is Well Below Replacement Cost
  • 47% of Tenants are Internet and Pandemic Resistant (Hardware Store, Drug Store, Auto Parts & Dollar Store)
  • Anchor Tenants Have Been in Place For an Average of 28 Years, Showing a Longstanding Commitment to the Property
  • Low Rent-to-Sales Ratios For Anchor Tenants Increases Opportunity For Long Term Tenancy
  • Seller Has Invested Over $400,000 in CAPEX Improvements During Ownership Tenure
  • Corporate Guarantee From Dollar General (NYSE: DG) With an Investment Grade Credit Rating of BBB
  • Walgreens Co (NYSE: WAG) With S&P Investment Grade Credit Rating of BBB
  • Strategically Located Just Off I-68 and the Newly Configured MD-219 with Easy Access For Travelers and Truckers in All Directions
  • Limited Competition in the Trade Area With Grantsville Plaza Being the Historic Shopping Destination

In Cooperation With: Sands Investment Group Maryland, LLC Lic. # 5002337 BoR: Tom Gorman – Lic. # 5002337

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities