Main Street at Joppa
3613-3615 E Joppa Road, Parkville, MD 21234
Main Street at Joppa: Investment Sale
97% Leased Neighborhood Mixed-Use Center
Property Summary
- Address: 3613-3615 E Joppa Rd, Parkville, MD 21234
- NOI (Stabalized, YR1): $457,000
- Pricing: $5,650,000
- Cap Rate: 8.1%
- County: Baltimore County
- Submarket: Parkville / Perry Hall
- Gross Building Area (GBA): 22,777 SF
- Net Rentable Area (SF): 21,417 SF
- Total Land Area (AC): 2.17 AC
- Retail Tenants: 4 NNN Ground Floor (14,389 SF / 67% of GLA)
- Office Tenants: 7 - 2nd Floor Units (7028 SF / 33% of GLA)
- Total Occupancy: 97% (20,806 SF Occ / 611 SF Off. Vac)
- Tenants: 11 Tenants, mix of Retail & Office
- Parking: 128 (6 spaces per 1,000 SF)
- Zoning: BLR
- Parcel No. (APN): 1600004413 (3613 E Joppa) and 1111015825 (3616 E Joppa)
97% Leased Neighborhood Mixed-Use Center for Sale
Destination Tenant Mix:
The roster blends food, retail, service, and office tenants that make the center resilient, vibrant, and demographically aligned. The All-American Steakhouse – a local favorite with 7 locations in MD and VA – is joined by a nail salon, a jeweler, an audiologist, financial and health offices, and a successful family fun center.
Value & Stability:
Retail tenants have NNN lease structures, and office tenants have straightforward gross leases. All tenants pay moderate or below-market lease rates, with annual escalations, providing additional growth potential with upside at renewal or rollover. Well-occupied for years, the center’s historical vacancy has been well below peers in the County, pointing to continued tenant demand and YOY rent growth.
Centrally Located in Thriving Market:
Drawing from more than 240,000 residents within five miles, the center is located at ‘Main & Main’ on E Joppa Road with immediate connectivity to Belair Road, White Marsh Blvd, I-695, and I-95. Nearby anchors—White Marsh Mall, THE AVENUE at White Marsh, and IKEA—cement the trade area as a premier Baltimore County destination.
Stability, Growth & Value
Aerial Views
