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New residential developments are planned or under construction in the immediate trade area
The Shops at Waldorf Center is Southern Maryland’s premier, open-air retail destination located in the heart of affluent Charles County. The center is strategically situated at the busiest intersection in the area (228 & 301), which provides exceptional visibility resulting in a traffic count of more than 100,000 vehicles daily. Spanning nearly 500,000 square-feet, the center is anchored by national retailers, including ULTA, Michaels, PetSmart, DSW and LA Fitness. Just 30 minutes from Washington D.C. in the center of the D.C./Baltimore-Richmond corridor, Charles County boasts a trade area of more than 10 million. With a prime location, a strong demographic profile, and a compelling tenant mix, the center represents an excellent opportunity for retailers to achieve outstanding sales potential.
Prime
location
Optimally positioned at the intersection of 228 and 301, the two busiest highways in Southern Maryland.
Strong retail
trade area
The premier, open-air retail destination in Southern Maryland, nestled in the heart of bustling Charles County.
Compelling
tenant mix
Anchored by national retailers, including ULTA, Christmas Tree Shops, Michaels, PetSmart, and LA Fitness.
Growth potential
Over 60,000 square-feet of space, anchored by CVS and Panera Bread, is available for lease along Route 228.
Trade area highlights
20%
Growth in Charles County since 2000
40 miles
Proximity to the region’s federal and military facilities
28 miles
Distance to Washington, DC
3,542 employees
in the Charles County Public School system
Source: Map Traffic Counts @SitesUSA 2022
About Charles County
Compelling location: CNNMoney ranked Waldorf as one of its “Best Places to Live,” citing the city’s “welcoming vibe and safe streets” and affordable homes.
Key advantages: Charles County boasts affordable real estate, low relative taxes, and abundant recreational assets.
Unique culture: Charles County is known for its rich history, scenic outdoors, panoramic waterfront views, exceptional dining, excellent schools, and lower cost of living relative to the rest of the region.
Attractive corporate environment: Future job growth over the next ten years is predicted to reach 37.1%, which is higher than the US average of 33.5%. The Charles County region is made up of a potential labor force of almost 1.8 million within a 45-minute commute.
Stable employment market: The trade area is home to major employers including Southern Maryland Electric Company (SMECO) and Charles County Public Schools.
Demographics
70% True Trade Area
18-mile radius
Population
280,419
1.1M
Average annual income
$109,835
$123,240
Number of households
106,083
439,538
Median age
38
37
Bachelor degree+
31%
42%
*SOURCE: Demographics: Placer.ai Insights: Census 2021 (Last 12 Months) 5-7-23 through 5-7-24)
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Disclaimer
© 2024. Avison Young. Information contained herein was obtained from sources deemed reliable and, while thought to be correct, have not been verified. Avison Young does not guarantee the accuracy or completeness of the information presented, nor assumes any responsibility or liability for any errors or omissions therein.