Neuman Commercial Group Named As Exclusive Agent For The Sale Of 100,000 SF Denton Plaza Shopping Center In The Maryland Eastern Shore

5/16/17

Neuman Commercial Group, LLC, led by Principal Gil Neuman, has been named as exclusive advisor and agent for the sale of 100,000 square foot Denton Plaza Shopping Center in the center of the Maryland Eastern Shore. Adjacent to Super-Walmart at a signalized intersection in Denton, Caroline County, Maryland, the center straddles Shore Highway / MD Route 404, the Washington D.C. / Baltimore – Maryland beach destination interconnector, with over 100,000 cars daily during tourist season. Recently renovated, the center is so far 73% leased to 15 national and regional tenants, including Rite Aid, Dollar Tree, Petco, Mattress Firm, Great Clips, Verizon, YMCA and Choice One Urgent Care. Neuman Commercial Group, LLC is exclusively representing the sellers.

“Denton Plaza is a rare true value-add opportunity, with 27% of the center immediately available to lease, including a highly visible outparcel adjacent to Rite Aid,” stated Gil Neuman, Principal of Neuman Commercial Group, LLC. He added: “During off season it draws traffic from the surrounding 20 miles with almost no retail competition, while in season every car travelling to and from the beach cities – over 100,000 daily -- crosses its path.”

Denton is the county seat of Caroline County, in the center of Maryland’s Eastern Shore. Over 26,000 residents with average household income of $72,300 live within ten miles of the property. Caroline County’s population of 32,900 represents a 10% increase since 2000.

Neuman Commercial Group, LLC is a Mid-Atlantic commercial real estate investment services firm.