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2288 Blue Water Boulevard O...

Bruster’s Real Ice Cream & Jersey Mike’s Subs Lease 3,046 SF Retail Space In Crofton, MD
LEASEDRetail

Bruster’s Real Ice Cream & Jersey Mike’s Subs Lease 3,046 SF Retail Space In Crofton, MD

2288 Blue Water Boulevard Odenton, Md 21113, Usa

Building Size

3,046 SF

Asset Type

Retail

Closing

Aug 23, 2023

AI

Bruster’s Real Ice Cream and Jersey Mike’s Subs are set to launch within Crofton, Md.'s Seven Oaks Shopping Center, sharing a 3,046-square-foot pad site at 2288 Blue Water Blvd. The retail property, located in the bustling market of Crofton, MD, offers a prime location for these two popular food establishments. The property features ample space for both Bruster’s Real Ice Cream and Jersey Mike’s Subs to operate their businesses successfully.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Square Footage: 3,046 SF
  • Address: 2288 Blue Water Blvd
  • Market: Crofton, MD

Brandon Howard of Divaris Real Estate served as the broker in this transaction, facilitating the deal between Bruster’s Real Ice Cream & Jersey Mike’s Subs and the Seven Oaks Shopping Center. Howard's expertise in the Crofton market and his negotiation skills were crucial in sealing this arrangement. With his guidance, both Bruster’s Real Ice Cream and Jersey Mike’s Subs will soon be able to provide their renowned food offerings to the customers of Seven Oaks Shopping Center.

Players

Brandon Howard

Divaris Real Estate

Broker

1 deal

Broker
JS
Jersey Mike's SubsTenant

Bluewater Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93