3 Locations For Sale

Institutional Property Advisors, a division of Marcus & Millichap, is pleased to present Coral Hills Shopping Center, a grocery-anchored neighborhood center in the Washington, DC submarket of Capitol Heights, Maryland (the "Offering"). The 85,514 square foot center is anchored by New Grand Mart who is presently completing its fit-out and scheduled to open in Fall 2026, with rent commencing no later than November 1st, 2026. The Offering features a creditworthy tenant mix including DaVita, AutoZone, Family Dollar, MetroPCS, and Ace Cash Express, with approximately 65% of income derived from national and chain tenants. It provides stable cash flow, supported by a 2% CAGR, a WALT exceeding five years, and strong tenant retention, with average occupancy of more than 16 years.

The center was previously anchored by Shoppers Food, an undercapitalized grocer. Despite limited operational support, Shoppers achieved sales of approximately $500 per square foot, highlighting the strength of the location and underlying consumer demand. Importantly, inline tenants continued to perform well following Shoppers' closure, with Family Dollar and AutoZone ranking in the 98th and 89th percentiles of their respective chains nationwide (per Placer.ai).

In February 2026, New Grand Mart executed a 10 year "as is" lease to replace Shoppers, following interest from multiple grocery operators. The lease is personally guaranteed by the store owner with specific details in the lease abstract on page 21. A growing regional grocer known for fresh meat, seafood, and produce, New Grand Mart is well positioned to reestablish the center as a primary fresh food destination. The surrounding area lacks a convenient full-service grocer, with the nearest Giant and Safeway located 1.5 miles away and not directly serving the immediate trade area. With limited competition, the Offering is well positioned to capture significant market share. Notably, international supermarket brands in the Washington, DC–Baltimore region generated approximately $2.1 billion in sales in 2025, ranking third behind Giant and Safeway.