District Heights, MD 20747

Property Description

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.