6920 Crestwood Boulevard
Top-Performing Food Lion Anchored Center | Washington, DC MSA
Marketing description
Legacy Realty Group Advisors is pleased to exclusively offer for sale Crestwood Plaza, a 56,890-square-foot Food Lion anchored shopping center located in Frederick, Maryland, within the Washington, DC MSA. The property is 100% occupied and anchored by a top-performing Food Lion that recently renewed its lease through 2032 and generated $21.6 million in 2025 sales ($655 PSF). Situated at the signalized intersection of Crestwood Boulevard and New Design Road, the center serves a dense and affluent trade area with more than 131,000 residents within five miles and average household incomes exceeding $131,000. The surrounding population has grown approximately 14.8% since 2020 and is projected to increase an additional 8.5% through 2031. Crestwood Plaza offers investors stable grocery-anchored cash flow, limited near-term capital requirements, and future upside through mark-to-market leasing opportunities.
Investment highlights
- Top-Performing Food Lion – Recently renewed through 2032 and generated $21.6M in 2025 sales ($655 PSF).
- Washington, DC MSA – Located in Frederick, Maryland's second-largest city within the 6.4 million-person Washington, DC metro.
- Affluent & Growing Demographics – 131,232 residents within 5 miles, $131,504 average household income, and 8.5% projected population growth through 2031.
- Mark-to-Market Upside – Recent renewal signed at $35.62 PSF, well above the average shop rent.
- Limited Near-Term CapEx – Roof warranties through 2039, LED lighting upgrades, and parking lot improvements completed in 2023.
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