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Drug Store

National Drugstore Portfolio | Walgreens | Edgewater, MD

3106 Solomons Island Rd, Edgewater, MD 21037

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$34.55

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Edgewater is in Anne Arundel County, Maryland, about 6 miles southwest of Annapolis and 30 miles south of Baltimore. The estimated population within 5 miles was 93,149 in 2021, according to the United States Census Bureau. The county comprises a portion of the larger Baltimore–Towson metropolitan area. Edgewater is considered a residential suburb that offers many housing options for people that commute to work in Annapolis. Solomons Island Road is the major commercial corridor in the community, which includes several retail destinations and connects the area to Annapolis. Edgewater is home to Lee Airport, a public use airport that also contains military operations. The community directly borders the South River, offering with average household incomes exceeding $138,000.

Investment Highlights

  • Just across the road from Lee Airport
  • Highly affluent area where household income exceeds $138,000 within 3 miles
  • Solomons Island Road is a major thoroughfare in Maryland that connects to Annapolis

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Drug Store

National Drugstore Portfolio | Walgreens | Edgewater, MD

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$34.55

Investment Highlights

  • Just across the road from Lee Airport
  • Highly affluent area where household income exceeds $138,000 within 3 miles
  • Solomons Island Road is a major thoroughfare in Maryland that connects to Annapolis

Investment Overview

Marcus & Millichap, as an exclusive agent, is pleased to present an opportunity to acquire 11 Walgreens (NASDAQ: WBA) drugstores and one CVS (NYSE: CVS) drugstore in one transaction. Sites may be sold individually. All sites in the portfolio have net-leases that offer investors passive ownership with minimal landlord responsibilities and have guaranteed lease terms from just under 10 years remaining to leases with just under three years remaining. Edgewater is in Anne Arundel County, Maryland, about 6 miles southwest of Annapolis and 30 miles south of Baltimore. The estimated population within 5 miles was 93,149 in 2021, according to the United States Census Bureau. The county comprises a portion of the larger Baltimore–Towson metropolitan area. Edgewater is considered a residential suburb that offers many housing options for people that commute to work in Annapolis. Solomons Island Road is the major commercial corridor in the community, which includes several retail destinations and connects the area to Annapolis. Edgewater is home to Lee Airport, a public use airport that also contains military operations. The community directly borders the South River, offering with average household incomes exceeding $138,000.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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