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34212929
34212923

2288 Blue Water Boulevard, Odenton, MD 21113 For Sale

AV
MI 6501322501
Marcus & Millichap - Detroit
DZ
VA MD 665335, VA VA 0225239201
Marcus & Millichap - Washington, D.C.
DG
MI 6501384871
Marcus & Millichap - Detroit
SH
MI 6501373006
Marcus & Millichap - Detroit
DC
DC SP98374073
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Detroit, Marcus & Millichap - Washington, D.C.
$22,000,000
10 days on market
Updated 1 day ago

Grocery Shadow Anchored Center Across from Fort Meade

Details
Property Type Mixed Use, Office (+1)
Sub Type Shopping Center, Traditional Office
Square Footage 106,081
Units 40
Cap Rate 8.88%
NOI $1,954,149
Occupancy 97.4%
Tenancy Multi
Lease Type NNN
Year Built 2001
Buildings 3
Stories 3
Acreage 11.870
Zoning O-NOD (North Odenton), Office Retail Mix Anne Arundel County Permitted Uses: mix of residential,
Parking Spaces 400 spaces
Parking per 1,000 SqFt 3.77
Investment Type Stabilized
Ground Lease No
Sale Condition N/A

Grocery Shadow Anchored Center | 8.88% Cap | Across from Fort Meade | Daytime Population: 146k+

Marketing description

Marcus & Millichap is pleased to present Seven Oaks Shopping Center, a 106,080‑square‑foot mixed‑use office and retail property located at 2288 Blue Water Boulevard in Odenton, Maryland. The property spans 11.87 acres and offers generous surface parking, supporting a broad range of professional, medical, and service‑oriented users. The center is shadow‑anchored by a Weis Markets, providing daily‑needs grocery adjacency that enhances traffic flow and tenant demand. Seven Oaks Shopping Center is 97.4 percent occupied by a diversified tenant mix of office, medical, government‑contractor, technology, and service tenants, many of which rely on proximity to one of the most secure and concentrated federal employment hubs in the country. Retail suites operate on NNN lease structures, and numerous leases include scheduled annual rent increases, contributing to stable and predictable cash flow. The property also offers additional value‑add potential through a Potential Outlot Development Area located east of the existing outlot, which has been conceptually planned to accommodate an approximately 5,000‑square‑foot drive‑thru building, subject to required approvals.

Seven Oaks Shopping Center is a location‑driven, employment‑support asset positioned just one block from Fort George G. Meade, Maryland's largest employment base. Fort Meade is home to major federal agencies including the National Security Agency, U.S. Cyber Command, and the Defense Information Systems Agency, and directly supports approximately 57,000 military personnel, civilian employees, and government contractors engaged in mission‑critical national defense, intelligence, cybersecurity, and information operations. This concentration of high‑skill, federally backed employment generates sustained demand for commercial space and contributes to long‑term tenant stability insulated from broader retail and office market volatility.

Unlike a traditional neighborhood retail center, the property is designed to support the daily needs of a dense, on‑site workforce. Tenant demand is driven by consistent weekday activity tied to employment patterns rather than discretionary consumer spending, resulting in reliable foot traffic and a strong daytime population. This operating profile reinforces the property's stability and positions it as a workforce‑anchored commercial asset rather than a conventional consumer‑oriented retail center.

The strength of the surrounding employment base further enhances the property's investment profile. Within a five‑mile radius, the property benefits from a daytime population of 146,399, driven by the concentration of federal agencies, defense contractors, and corporate facilities anchored by Fort George G. Meade. This dense weekday population supports consistent demand for office, medical, and service‑oriented uses, reinforcing Seven Oaks Shopping Center's positioning as a workforce‑supported commercial asset. The area also features an average household income of $145,653, well above national averages, supported by a highly educated workforce closely aligned with federal, defense, and technology sectors.

Strategically located along Annapolis Road (MD‑175) with direct access to I‑97 and MD‑295, the property offers excellent visibility and efficient connectivity throughout the Baltimore–Washington corridor. Annapolis Road carries approximately 29,163 vehicles per day, while the Patuxent Freeway (MD‑32) supports approximately 43,182 vehicles per day, providing strong regional exposure and accessibility. The property is also conveniently accessible to the Odenton MARC Train Station, which provides direct commuter rail service to Washington, D.C. and Baltimore, supporting daily workforce connectivity to the Fort Meade employment base. The surrounding commercial landscape includes national retailers, healthcare facilities, hospitality operators, and federal‑industry support services, reinforcing long‑term tenant demand and business viability.

Seven Oaks Shopping Center presents investors with the opportunity to acquire a stable, income‑producing asset embedded within one of the most economically secure and strategically important regions in the Mid‑Atlantic. Backed by federal infrastructure and non‑discretionary tenant demand, the property delivers long‑term stability driven by national defense, cybersecurity, healthcare, and professional employment rather than traditional retail cycles.

Investment highlights

  • 97.4% Leased Mixed-Use Office & Retail Center
  • Strong Rent Roll: Government Contractors, Medical, Technology, Professional Services, and Retail
  • Potential Value-Add Opportunity via Future Outlot Development (±30,000 SF Pad Site)
  • Shadow-Anchored by Weis Markets, a Daily-Needs Grocer Driving Consistent Traffic to the Center
  • Strong Traffic Exposure: 29,163 VPD on MD-175/Annapolis Road and 43,182 VPD on MD-32
  • Blended Lease Structures With Scheduled Rent Increases and NNN Retail Tenancies
  • Anchored by the Region's Largest Economic Driver – Fort George G. Meade: ~57,000 Employees
  • Minutes to U.S. Cyber Command, NSA, and Multiple Federal Agencies
  • High Demand Corridor for Federal, Defense, and Cybersecurity Tenants
  • Excellent Regional Connectivity: MD-175, MD-295, I-97, and BWI Airport
  • Dense Surrounding Residential Base Supporting Retail Tenants
  • Strong Local Demographics: Supported by Average Household Income: $145,653 | Day Time Population: 146,399
  • Located in One of the Mid-Atlantic's Most Secure and Economically Resilient Markets

Listing Contacts

AV
MI 6501322501
Marcus & Millichap - Detroit
DZ
VA MD 665335, VA VA 0225239201
Marcus & Millichap - Washington, D.C.
DG
MI 6501384871
Marcus & Millichap - Detroit
SH
MI 6501373006
Marcus & Millichap - Detroit
DC
DC SP98374073
Marcus & Millichap - Washington, D.C.
Listed by Marcus & Millichap - Detroit, Marcus & Millichap - Washington, D.C.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,954,149.00
$162,845.75/mo

Valuation Metrics

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DSCR
8.88%
Cap Rate
8.88%
ROI

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Additional Information

Name
Brian Hosey
License
5005538
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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