Scheer Partners is pleased to announce the sale of a 74,000 Square Foot retail shopping center located at 40845 Merchants Lane, Leonardtown, MD. The property sold for an undisclosed price. Sandra Hunt, Vice President of Investment Sales brokered the transaction and Old Line Bank provided the financing.
The Seller, Breton Bay LLC. sold the property to SJS-Breton Bay LLC. The property is tenanted by McKay’s Market, World Gym, Papa John’s, Pet Valu, Hong Kong Buffet ,Arby’s, Bernies Beauty Salon, Hollywood Nails and Southern MD Ophthalmology. The Buyer will continue to maintain the property’s aesthetic architecture while making some immediate improvements to the landscaping and parking areas.
The property is situated on approximately 14 acres and is seven miles from the Patuxent Naval Air Station in St. Mary’s County, an $18 Billion Dollar economic engine and one of the fastest growing counties in the state of Maryland.