1510 Reisterstown Rd - Drug Store FOR SALE
Pikesville, MD 21208 |
$9,840,000 USD
703-787-4732
1510 Reisterstown Rd
Pikesville, MD 21208
HIGHLIGHTS
- Walgreens Anchored Retail Center | Long Term Leases | Scheduled Rental Increases | 100% Occupancy
- Located at Signalized Hard Corner Intersection | Dense Retail Corridor | Nearby National/Credit Tenants
- Interstate 695/Baltimore Beltway | Excellent Visibility Access
- Strong Demographics In 5-mile Trade Area | Baltimore MSA
OVERVIEW
• Walgreens anchored center providing for 89% of the base rental income and occupies 75% of the GLA
• Additional tenants include ASAP Cleaners, Gage Court Clothiers, and Girlkin Lashes
• ASAP Cleaners and Girlkin Lashes have more than 4 years remaining on their lease terms
• Scheduled annual rental increases for ASAP Cleaners and Girlkin Lashes, steadily growing NOI and hedging against inflation
• Stabilized asset at 100% occupancy
FOR SALE DETAILS
PRICE
$9,840,000 USD
PRICE/SF
$398 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Pikesville Center - Baltimore MSA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
88
LAND DETAILS
LAND ACRES
1.97 AC
LAND SF
85,813 SF
ZONING
Commercial
APN/PARCEL ID
03-0311067275,03-0319035910
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703-787-4732
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703-787-4732
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