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Walgreens Leasehold 3106 Solomons Island Rd

14,820 SF Retail Building Edgewater, MD 21037 £2,879,586 (£194/SF) 9% Net Initial Yield

Investment Highlights

  • Strong NNN Lease | The site is subject to a triple net lease with no landlord responsibilities.
  • Ground Rent Coverage | Walgreens pays the annual ground rent of $202,400.
  • 50 Years of Renewal Options | There are 10, 5-year renewal options, providing a secure and long-term source of income.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a
Walgreens located at 3106 Solomons Island Road, Edgewater,
MD 21037. The site consists of roughly 14,820 rentable square
feet of building space on an estimated 3.19-acre parcel of land.
This Walgreens is subject to a 25-year Triple Net (NNN) lease,
which commenced 4/28/2006. The current annual rent is
$328,000.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2006
Price
£2,879,586
Price Per SF
£194
Net Initial Yield
9%
NOI
£259,123
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
3.19 AC
Zoning
C3, County
Frontage
151 ft on Solomons Island Rd

Amenities

  • Drive Thru
1 of 1
3106 Solomons Island Rd, Edgewater, MD - aerial map view
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Shore United Bank
Chase
Sandy Spring Bank
PNC Bank
Giant Food
IHOP
Glory Days
Bank of America
Five Guys
Starbucks

PROPERTY TAXES

Parcel Number 01-000-04674600 Improvements Assessment £0
Land Assessment £0 Total Assessment £5,914,910

PROPERTY TAXES

Parcel Number
01-000-04674600
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£5,914,910
(332) 345-4222

  • Listing ID: 33151586

  • Date on Market: 12/09/2024

  • Last Updated:

  • Address: 3106 Solomons Island Rd, Edgewater, MD 21037

The Retail Property at 3106 Solomons Island Rd, Edgewater, MD 21037 is currently available For Sale. Contact NNN Pro Group for more information.

Nearby Listings

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3106 Solomons Island Rd, Edgewater, MD for sale Building Photo- Image 1 of 4
3106 Solomons Island Rd - Edgewater, MD - Main
3106 Solomons Island Rd, Edgewater, MD for sale Aerial- Image 2 of 4
3106 Solomons Island Rd - Edgewater, MD - Aerial
3106 Solomons Island Rd, Edgewater, MD for sale Plat Map- Image 3 of 4
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Walgreens Leasehold | 3106 Solomons Island Rd
(332) 345-4222 x

Walgreens Leasehold | 3106 Solomons Island Rd

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Armond Aivazyan

(332) 345-7283

(332) 345-7283

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