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Drug Store

National Drugstore Portfolio | Walgreens | Glen Burnie, MD

6700 Ritchie Hwy, Glen Burnie, MD 21061

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$15.73

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. Glen Burnie is in Anne Arundel County, Maryland, about 13 miles south of Baltimore. According to the United States Census Bureau, the estimated population within 5 miles was 175,397 in 2021. Anne Arundel County comprises a portion of the larger Baltimore- Towson metropolitan area. Highway connectivity is provided by Interstates 695 and 97 and Maryland Routes 2, 100, and 10. Glen Burnie is considered a residential suburb of Baltimore and is home to two major health care institutions, the University of Maryland Baltimore Washington Medical Center and the Arundel Medical Center. Most of the commercial activity is along either Ordnance Road or Governor Ritchie Highway where national retail and food chains such as Office Depot, Target, Costco, Walmart, Chick-fil-A, Golden Corral, and more are all located within 1 mile of Walgreens. Additionally, Walgreens is about 1.5 miles from the Bay Meadow Industrial Park, which includes a mixture of office and industrial space for local and regional businesses.

Investment Highlights

  • Strong retail trade area—major retailers and restaurants include Target, Office Depot, Best Buy, Lowes Home Improvement, Petco
  • Ritchie Highway is the longest state highway in Maryland and a major retail corridor that provides direct access to Baltimore
  • Provides 24-hour services

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 | Glen Burnie, MD

Listing Price: Request For Offer

Tenant Name
Walgreens
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$15.73

Investment Highlights

  • Strong retail trade area—major retailers and restaurants include Target, Office Depot, Best Buy, Lowes Home Improvement, Petco
  • Ritchie Highway is the longest state highway in Maryland and a major retail corridor that provides direct access to Baltimore
  • Provides 24-hour services

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. Glen Burnie is in Anne Arundel County, Maryland, about 13 miles south of Baltimore. According to the United States Census Bureau, the estimated population within 5 miles was 175,397 in 2021. Anne Arundel County comprises a portion of the larger Baltimore- Towson metropolitan area. Highway connectivity is provided by Interstates 695 and 97 and Maryland Routes 2, 100, and 10. Glen Burnie is considered a residential suburb of Baltimore and is home to two major health care institutions, the University of Maryland Baltimore Washington Medical Center and the Arundel Medical Center. Most of the commercial activity is along either Ordnance Road or Governor Ritchie Highway where national retail and food chains such as Office Depot, Target, Costco, Walmart, Chick-fil-A, Golden Corral, and more are all located within 1 mile of Walgreens. Additionally, Walgreens is about 1.5 miles from the Bay Meadow Industrial Park, which includes a mixture of office and industrial space for local and regional businesses.

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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