MetroShops is a 160,623 square feet power retail center located in Hyattsville, Maryland, just two miles from Washington, DC. It sits adjacent to the Central Metro Station and is positioned strategically along a prominent commercial corridor. The property ensures outstanding visibility and easy accessibility and boasts a diverse array of credit-worthy and nationally recognized tenants resistant to online market fluctuations. MetroShops is anchored by national tenants such as LA Fitness, Bob’s Discount Furniture, the Chelsea School, and Staple and is 93.7% leased. The tenancy mix comprises seasoned and successful occupants, each contributing to the vibrant atmosphere of MetroShops. Staples, in particular, has been a steadfast tenant for over 14 years, capitalizing on the surrounding density and close proximity to the University of Maryland.

Location: Hyattsville, MD
Purchase Price: $32,427,500 (Dec 2023)
Total Equity: $14,000,000
Initial Annual Yield: 9%