SRS Real Estate Partners has completed the $6.275 million sale of The Shoppes at Waldorf Park, a Starbucks-anchored, multi-tenant retail property located at 3728 Robert S. Crain Highway in Waldorf, Maryland.

SRS’ Washington DC Capital Markets team, led by Andrew Fallon, Rick Fernandez, Ed Laycox and Philip Wellde Jr., represented the seller, Republic Land Development. The buyer was a Maryland-based private family office, who bought the property with acquisition financing through TD Bank.

Built in 2022 and situated on just over one acre of land, the 8,485-square-foot four-tenant neighborhood retail center is home to a Starbucks drive-thru, Crumbl Cookies, Jersey Mike’s and Aspen Dental. The new Waldorf Park is adjacent to St. Charles Towne Center, a one million-plus sf regional retail center.

“Buyers, both private and institutional, are attracted to these multi-tenant investment properties due to their strong tenancy, attractive lease structures, and quality locations,” said Fallon. “Based on the deal fundamentals, we were able to procure multiple offers resulting in a competitive bid and strong execution.”