request_info_guest false

Walgreens

$4,882,352

7953 Crain Hwy S, Glen Burnie, MD 21061

Active
Last Updated: 01/23/2025

8.5

Cap Rate

414,999.96

NOI

Details:
Cap Rate:    8.5%
NOI:    $414,999.96
Building Size:    13,650 sqft
Lot Area:    1.15 acres
Occupancy:    100%
Units:    1
Year Built:    2004
Floors:    1
Highlights:
  • Absolute NNN - Zero Landlord Responsibilities
  • 13,560 Square Foot Building Located on 1.15 Acres
  • 2004 Build to Suit for Walgreens - Drive Thru
  • Equipped High Image Drug Store Prototype
  • Approximately 5 Years Remaining on the Lease with 10, 5 Year Options to Renew
  • Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations
  • Strong Location on Heavily Traveled Crain Highway in the Heart of an Active Commercial Corridor
  • Location in the Baltimore - Washington DC Metropolitan Area
Description:

Introducing a prime opportunity for retail investors! This attractive 13,650 SF free-standing building, constructed in 2004, is ideally situated in Glen Burnie, MD. Boasting 100% occupancy, this property presents a compelling investment with proven tenant stability. With its prime location and strong occupancy, this property offers a promising addition to any investor's portfolio.

Glen Burnie, Maryland is a vibrant city located in Anne Arundel County, Maryland and is a suburb of Baltimore. The population was 72,891 at the 2020 census. Home to attractions such as Sawmill Creek Park and Baltimore & Annapolis Trail, visitors can enjoy outdoor activities and nature when visiting Glen Burnie. There are also plenty of museums, galleries, shops, restaurants and performance venues such as Maryland Science Center and Maryland Hall for Creative Arts.

For entertainment, visitors can explore downtown shopping districts along with movie theaters and live music clubs. Primary industries include healthcare and government. Glen Burnie's noteworthy features include the shoreline. It is positioned in east Maryland, along the Chesapeake Bay, 40 miles northeast of Washington, D.C., and 60 miles south of Wilmington, Delaware.

Baltimore is the most populous city in the state of Maryland. With a population of 585,708 at the 2020 census, it is the 30th-most populous city in the United States. As of the 2020 census, the population of the Baltimore metropolitan area was 2,838,327, the 20th-largest metropolitan area in the country. When combined with the larger Washington metropolitan area, the Washington–Baltimore combined statistical area (CSA) has a 2020 U.S. census population of 9,973,383, the third-largest in the country.

Baltimore is home to the Johns Hopkins Hospital. Other large companies in Baltimore include Under Armour, BRT Laboratories, Cordish Company, Legg Mason, McCormick & Company, T. Rowe Price, and Royal Farms. A sugar refinery owned by American Sugar Refining is one of Baltimore's cultural icons. Nonprofits based in Baltimore include Lutheran Services in America and Catholic Relief Services.

Map:
Location