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100 Westminster PikeReisterstown, MD 21136Price: $1,663,333

  • Price: $1,663,333
  • 93 Days on Market
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,663,333List Price
  • 1.12Acreage

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Newly renovated two tenant strip center that offers the investor a combination of existing stabilized cashflow plus future value-ad opportunity. The strip center is currently fully occupied by Sherwin Williams and the Place of Grace. Sherwin William is a sought after investment grade tenant, rated BBB by Standard & Poor's. This publicly traded company is one of the largest paint manufactures in the United States worldwide. The company posted $22.15 billion in fiscal 2022 sales, up 11.1% over the prior year. It occupies 5,250 sq ft which is 75% of the 7,000 sq ft center. It has been in this location since1987, and remodeled their interior in 2023 and signed a new 10-year lease indicating the store's success at this location. The second tenant, Place of Grace, occupies 1,750 sq ft. It has been at the current location since 1999. The space that it occupies is a prime End Cap Corner space, with excellent Westminster Pike frontage. When the its lease ends in 2028, this great space offer investor the value-add opportunity to re-tenant with a superior use at a higher rental rate.

Property Details of 100 Westminster Pike

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Listed by Bei Liu of Evergreen Properties

Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 27, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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