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Drug Store

Walgreens | 14+ Years Remain | Baltimore | High Store Sales

6323 Baltimore National Pike, Baltimore, MD 21228

Listing Price: $10,000,000

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
14,460
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.04

Investment Overview

The property is located with prominent frontage along Baltimore National Pike/Route 40, a primary state route that travels east-west to Baltimore and features more than 48,671 vehicles per day. The 1.37-acre corner parcel has excellent visibility, prominent signage and three means of access. It is located just eight-tenths-of-a-mile from the Interstate-695 cloverleaf, which carries 200,700 vehicles per day as it encircles Baltimore.

Investment Highlights

  • Primary Market Demographics
  • 14+ Year Term Investment Grade Lease
  • High Store Sales Reported Over $2.5M and Trending Upwards

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Drug Store

Walgreens | 14+ Years Remain | Baltimore | High Store Sales

Listing Price: $10,000,000

Cap Rate
5.50%
Tenant Name
Walgreens
Years Remaining On Lease
14.3
Guarantor
Corporate Guarantee
Rentable SF
14,460
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.04

Investment Highlights

  • Primary Market Demographics
  • 14+ Year Term Investment Grade Lease
  • High Store Sales Reported Over $2.5M and Trending Upwards

Investment Overview

The property is located with prominent frontage along Baltimore National Pike/Route 40, a primary state route that travels east-west to Baltimore and features more than 48,671 vehicles per day. The 1.37-acre corner parcel has excellent visibility, prominent signage and three means of access. It is located just eight-tenths-of-a-mile from the Interstate-695 cloverleaf, which carries 200,700 vehicles per day as it encircles Baltimore.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

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