Undisclosed Address
District Heights, Maryland, 20747, United States
3,710
ft²
0.18
acres
-
beds
-
baths
Property Provided By
- Anita John
- Engel & Volkers Washington, DC
- +1 (415) 939-9924
Connect with local buyer agents who are willing to offer commission savings!
Property Information
UPDATE: Newly renegotiated lease with 5% escalation | 7.15% cap rate. The perfect 1031 exchange property Available for the first time in 70 years, 7605-7609 Marlboro Pike is a ±3,710 SF fully-leased retail asset offering immediate, high-performance cash flow. The property is 100% occupied by long-term tenants, recently bolstered by a newly renegotiated lease for the nail salon suite featuring 5% annual rent escalations. This lease structure provides a superior yield-on-cost and protection against inflation, supporting a robust 7.15% Cap Rate at the $1,790,900 list price. Positioned on a high-visibility corridor (31,000 VPD) within a Prince George’s County revitalization zone, the asset has maintained a legendary 0% vacancy rate under family ownership since 1956. This is a premier 1031 exchange opportunity, offering rare stability combined with aggressive rental growth. For investors, this translates into a compelling profile: - In-place income today - Basis below replacement cost in a transitioning corridor - Exposure to a multi-year redevelopment initiative backed by local planning authorities Please do not disturb tenants. Notify advisor if you require access inside each shop.
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Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 2026-09-23 01:55:47. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
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Property Provided By
- Anita John
- Engel & Volkers Washington, DC
- +1 (415) 939-9924
Connect with local buyer agents who are willing to offer commission savings!
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