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New Market Land.Indd FREDERICK COUNTY MARYLAND N BOYERS MILL Spring Ridge/Bartonsville ROAD 3,909 Homes Lake Linganore PUD 6,364 Homes FREDERICK 70 GREEN VALLEY ROAD 40 144 75 Greenview PUD 450 Homes OLD NATIONAL PIKE New Market EXIT 59 Center SITE (unanchored) NEW MARKET Holly Hills 18-Hole Golf Community 438 Homes 144 ROAD 70 40 BALTIMORE MUSSETTER EXIT 62 IJAMSVILLE NEW MARKET SHOPPING CENTER SITE NEW MARKET, FREDERICK COUNTY, MARYLAND 12.2 ACRES ZONED GENERAL COMMERCIAL An Exclusive Investment Offering Presented By Transwestern www.transwestern.net FREDERICK COUNTY MARYLAND N BOYERS MILL Spring Ridge/Bartonsville ROAD 3,909 Homes Lake Linganore PUD 6,364 Homes FREDERICK 70 GREEN VALLEY ROAD 40 144 75 Greenview PUD 450 Homes OLD NATIONAL PIKE New Market EXIT 59 Center SITE (unanchored) NEW MARKET Holly Hills 18-Hole Golf Community 438 Homes 144 ROAD 70 40 BALTIMORE MUSSETTER EXIT 62 IJAMSVILLE NEW MARKET SHOPPING CENTER SITE NEW MARKET, FREDERICK COUNTY, MARYLAND 12.2 ACRES ZONED GENERAL COMMERCIAL 2 Confidentiality & Conditions This Investment Memorandum (“Memorandum”) is furnished to prospective purchasers solely to facilitate the purchaser’s consideration of the land parcel known as the New Market Shopping Center Site consisting of 12.2 acres (“Property”) located in New Market, Maryland. New Market SC, LLC is the selling entity (“Owner”). The Memorandum contains proprietary information and was prepared by Transwestern Carey Winston, LLC (“TW”) using information compiled from sources we consider to be reliable. By receipt of this Memorandum, you agree that: (a) the Memorandum and its contents are of a confi dential nature and that you will hold and treat it in strictest confi dence in full compliance with the separate confi dentiality agreement you have executed, if same was required; (b) you will not reproduce, transmit or disseminate the information contained in the Memorandum through any means, or disclose this Memorandum or any of its contents to any other entity without the prior Presented By: written authorization of TW nor will you use this Memorandum or any of its contents in any fashion or manner detrimental to the interests of TW or seller; and (c) upon Howard W. Mersky 301.896.9017 - offi ce request you will return the Memorandum without retaining any copy or extract of any Senior Vice President 301.807.3800 - mobile portion thereof. 301.896.9172 - fax [email protected] This Memorandum does not purport to be all-inclusive or to contain all the information which prospective purchasers may desire and is a summary upon which prospective purchasers are not entitled to rely. Certain documents and materials are described herein in summary form. The summaries are not complete descriptions of the documents and materials. Interested parties are expected to review all such documents and materials independently. Market fi nancial projections are provided for reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond the control of TW and are, therefore subject to material variation. Additional information and an opportunity to inspect the Property will be made available to qualifi ed prospective purchasers 6700 Rockledge Drive upon request. Each purchase offer is to be based strictly and entirely upon the Suite 400-A purchaser’s independent investigation, analysis, appraisal and evaluation of facts Bethesda, Maryland 20817 and circumstances deemed relevant by the purchaser. Neither Owner, TW, nor any P: 301.517.0900 | F: 301.571.0901 of their respective directors, offi cers or affi liates have made any representation or www.transwestern.net warranty, express or implied as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of this Memorandum or its contents. This offering is submitted and received with the understanding that all negotiations for the acquisition of the herein described property will be conducted through TW. The sellers and TW expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. NEW MARKET SHOPPING CENTER SITE 3 NEW MARKET SHOPPING CENTER SITE NEW MARKET, FREDERICK COUNTY, MARYLAND 12.2 ACRES ZONED GENERAL COMMERCIAL 4 10 EXECUTIVE SUMMARY PROPERTY OVERVIEW • Offering Highlights • Property Overview • Offering Summary & Procedure • Site Plan • Directions to the Property • Architectural Rendering 18 25 LOCATION OVERVIEW RETAIL MARKET OVERVIEW • Frederick County Overview • Retail Submarket - New Market, MD - Economy - Housing/Development - Road Systems/Transportation - Quality of Life N EXCLUSIVE INVESTMENT OFFERING Greenview PUD 4 450 Homes ROAD ROAD ROAD ROAD ROAD ROAD ROAD ROAD ROAD ROAD SITE MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER MUSSETTER 144 OLD NATIONAL PIKE 144 Executive 70 40 Summary Holly Hills 18-Hole438 Golf Homes Community NEW MARKET SHOPPING CENTER SITE 5 The Offering New Market SC, LLC (“Owner”) has retained Transwestern (“Broker”) as The offering represents a rare opportunity to purchase the exclusive representative in the offering of the fee simple interest in the the only available shopping center ground, at a signalized approximately 12.2 acre parcel at the northeast corner of the intersection of Mussetter Road and Old National Pike (formally Maryland Route 144), New intersection, on an existing well traveled arterial road, Market, Frederick County, MD, 21774. Zoned GC (General Commercial), allowing in the established residential area of New Market, MD. for general retail, small-scale offi ce, business/personal service uses, and highway services, a supermarket anchored neighborhood shopping center development approaching 110,000 SF was in the early stages of planning. Offering Highlights • The Property is 12.2 acres, located 6 miles east of downtown Frederick, Maryland and less than 1 mile west of the historic downtown of New Market, Maryland. It is located at the entrance to the 450+ residential development and neighborhoods comprising the Greenview PUD, where Ryan Homes is 95% sold in its current 160+ DU phase, with a fi nal 150+ DU phase, to-be- built. The Holly Hills Golf and Country Club community located immediately south of the Property, along Mussetter Road, has 374 existing dwellings, with 64 additional dwellings in its pipeline, for a total 438 homes. Historic Main Street in New Market, Maryland • All utilities (water, gas, electric, sewer and telephone) are either on site or adjacent to the Property. A storm water management facility, consisting of two (2) ponds, was built a few years ago to serve the shopping center • Average household income in the trade area is $124,000 and the median development and adjoining property. The water and sewer category for age is 35. Population is estimated at approximately 20,000, living in 6,495 the site is W-3/S-3, which will allow connections to the systems for a current households, within 3 miles of the Property, having grown 30% from 2000- development. 2009. Almost 10% growth is anticipated into 2014. • The Property is served by two (2) main roads. Old National Pike (MD • The immediate neighborhoods are underserved with convenience retail and Route 144) is an arterial road running east/west through several counties in a place to gather. The Property is equidistant between a Weis Market and Maryland and serves as a useful local route that complements I-70 and US a Food Lion and there is a limited amount of small shop space, which is 40, with highway interchange access 2 miles east of the Property. Mussetter currently 100% leased. There is a need for groceries, convenience retail and Road runs in a generally north/south direction, originating in the Greenview restaurants, in a contemporary environment. PUD just north of the Property and connecting residential communities in a southerly direction through to I-270 at Urbana. • The April 8, 2010 newly adopted Frederick Countywide Comprehensive Plan, identifi es New Market as a Municipal Growth Area, recognizing the • A total of four (4) curb cuts provide excellent ingress and egress for the presently existing and future planned infrastructure available for residential Property. Three (3) “full-access” curb cuts exist on Mussetter Road and one development and accessibility to transportation. Eight (8) schools currently (1) “right-enter only” curb cut exists on Old National Pike. An existing traffi c exist in the New Market Planning Region and there are three (3) designated signal controls the 4-way intersection of Mussetter Road and Old National elementary school sites and two (2) middle school sites. Pike. SUMMARY PROPERTY LOCATION MARKET BOYER S MILL Spring Ridge/Bartonsville 3,909 Homes ROAD Lake Linganore PUD 6,364 Homes ROAD FREDERICK Y 70 40 N VALLE EE GR 144 75 Greenview PUD 450 Homes OLD NATIONA EXIT 59 New Market L PIKE Center SITE (unanchored) NEW MARKET Holly Hills 18-Hole Golf Community 438 Homes 144 ROAD 70 40 BALTIMORE MUSSETTER EXIT 62 IJAMSVILLE 7 Offering Summary & Offering Procedure Offering Sale of the 100% fee simple interest in the Property. Offering Price $4,400,000, “all cash” Market Tours Market tours and a property inspection can be scheduled by appointment. All buyers are encouraged to visit the Property. Please contact: Howard W. Mersky [email protected] 301.896.9017 - offi ce 301.807.3800 - mobile Offers All offers to purchase should be addressed to: New Market SC, LLC c/o Howard W. Mersky Transwestern 6700 Rockledge Drive – Suite 400A Bethesda, MD 20817 Frederick County Wine Festival SUMMARY PROPERTY LOCATION MARKET 8 Directions to the Property From Baltimore (BWI Airport) From Center of Frederick, MD Approximate Driving Distance: Approximate Driving Distance: 44 miles | 47 minutes 7 miles | 12 minutes 1.
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