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Walgreens - Absolute NNN - Baltimore Suburb 7953 S Crain Hwy

14,014 SF Retail Building Glen Burnie, MD 21061 £3,820,196 (£273/SF) 8.50% Net Initial Yield

Investment Highlights

  • Absolute NNN - Zero Landlord Responsibilities
  • 2004 Build to Suit for Walgreens - Drive Thru Equipped High Image Drug Store Prototype
  • Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations
  • 13,560 Square Foot Building Located on 1.15 Acres
  • Approximately 5 Years Remaining on the Lease with 10, 5 Year Options to Renew
  • Strong Location on Heavily Traveled Crain Highway in the Heart of an Active Commercial Corridor

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,014 SF
Building Class
B
Year Built
2004
Price
£3,820,196
Price Per SF
£273
Net Initial Yield
8.50%
NOI
£324,717
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Land Acres
1.15 AC
Zoning
C1A - Campus Business District
Parking
44 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
98 ft on Crain Hwy

Amenities

  • Drive Thru
  • Car Charging Station

Links

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Nearby Major Retailers

Giant Food
TD Bank
Starbucks
Bank Of Glen Burnie
Bank of America
Woodforest National Bank
America's Best Wings
L.A. Fitness
ALDI
Anytime Fitness

PROPERTY TAXES

Parcel Number 03-000-00788810 Improvements Assessment £2,175,524
Land Assessment £674,863 Total Assessment £2,850,387

PROPERTY TAXES

Parcel Number
03-000-00788810
Land Assessment
£674,863
Improvements Assessment
£2,175,524
Total Assessment
£2,850,387
(248) 702-0288

  • Listing ID: 32124444

  • Date on Market: 13/06/2024

  • Last Updated:

  • Address: 7953 S Crain Hwy, Glen Burnie, MD 21061

The Retail Property at 7953 S Crain Hwy, Glen Burnie, MD 21061 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

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© 2024 CoStar Group

Walgreens - Absolute NNN - Baltimore Suburb | 7953 S Crain Hwy
(248) 702-0288 x

Walgreens - Absolute NNN - Baltimore Suburb | 7953 S Crain Hwy

Deno Bistolarides

(248) 702-0288

(248) 702-0288

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