6201 CROSSING CIR Columbia MD 21045

HIGHLY AFFLUENT BALTIMORE-DC METRO – Columbia has consistently ranked in the top 10 of CNN Money’s Best Places to Live in the United States, and most recently ranked 1st in top 10 safest cities in America, according to US News and World Report. It is situated within Howard County, the 7th wealthiest county in the country, with an exceptional demographic profile. Columbia’s population has increased by 24% since 2000. Presently there is a population of 90,300 within three miles and more than 202,000 within five miles. Average household income levels within those same radiuses are $147,000 and $153,000 respectively.

STRONG SALES REPORTING AND PLACER.AI RATING – The Tenant reports above average, upward trending sales volume which is supported by data from Placer.ai geofencing software. Sales year-to-date through October 2021 represent a healthy rent-to-sales ratio of eight percent (8%). Placer.ai reports that the Columbia location is the top performing location by customer traffic of the three Famous Dave’s in the state of Maryland with 117,000 annual visits.

REPLACEABLE, AT MARKET RENTAL RATE – The Tenant’s rental rate of $38-per-square-foot is at market and replaceable. Columbia is a highly desired market where restaurant volumes are known to be robust. There is steady demand for restaurant space, and full-service fast casual restaurants perform at or above their national AUV on a general basis. The replaceable rental rate coupled with the overall health of the restaurant scene limits an investor’s downside risk. Supporting restaurant rental rates are available on page 8.

HIGH TRAFFIC LOCATION – This pad benefits from direct visibility off Rouse Parkway, a six-lane divided highway with extremely high traffic volume of 74,000 vehicles per day. It benefits from synergy with the neighboring fast-casual line-up of Buffalo Wild Wings, BJ’s Brewhouse, and la Madeleine French Bakery & Café along with numerous other food uses.

HIGHLY RATED FRANCHISEE – Capital Blue Ribbon Restaurants LLC is a top rated and successful franchisee of Famous Dave’s. Elliott Baum, owner of Blue Ribbon Restaurants, opened his first Famous Dave’s restaurant in Michigan in 2003, and today owns and operates 16 restaurants in the Detroit, Cleveland, Chicago, Maryland and Virginia markets. The Franchise has been awarded 10 Restaurant of the Year and three Franchisee of the Year awards, and is one of the most awarded franchisees in Famous Dave’s history. Capital Blue Ribbon Restaurants, LLC owns three Famous Dave’s locations in the state of Maryland.

POSITIONED WITHIN REGIONAL SHOPPING HUB – The Property is located within Columbia Crossing, a 463,000-square-foot regional shopping center that serves as one of the primary shopping destinations in the area and is anchored by a high-performing Target. In fact, this is the third most visited Target in the state of Maryland with 1.89 million visits per Placer.ai. There are multiple properties that comprise the regional center, including Columbia Crossing, Columbia Crossing II and Columbia Crossing III, totaling 650,000 square-feet. Famous Dave’s is positioned within Columbia Crossing, the most prominent of the three-phase project with frontage along Rouse Parkway, the major four-lane highway through Columbia. According to Placer.ai, Columbia Crossing averages more than 4.4 million visits per year, and ranks in the top four percent (4%) of centers statewide in terms of customer traffic.

• 20-YEAR OPERATING HISTORY WITH RECENT 10-YEAR EXTENSION
• AT MARKET RENTAL RATE WITH STRONG SALES/PLACER.AI RANKING
• A TOP-RATED FAMOUS DAVE’S FRANCHISEE
• WITHIN INSTITUTIONALLY OWNED 463,000 SF TARGET-ANCHORED REGIONAL CENTER
• HIGH BARRIER LOCATION IN ESTEEMED BALTIMORE-WASHINGTON CORRIDOR