3106 Solomons Island Rd - Drug Store FOR SALE


Edgewater, MD 21037- Londontowne
$2,982,000 USD
508-272-0585
3106 Solomons Island Rd, Edgewater, MD for Sale
$2,982,000 USD
Drug Store - FOR SALE
1/3
null | 11% Cap Rate

3106 Solomons Island Rd
Edgewater, MD 21037
Londontowne


HIGHLIGHTS

  • AFFLUENT SUBURBAN MARKET
  • HIGH-TRAFFIC RETAIL CORRIDOR
  • ESTABLISHED RESIDENTIAL DEMAND
  • EXCELLENT REGIONAL CONNECTIVITY
  • PROXIMITY TO MAJOR UNIVERSITIES
  • ESSENTIAL RETAIL OFFERING

OVERVIEW

Walgreens located in Edgewater, Maryland presents investors the opportunity to acquire a NNN ground lease with one of the nation’s most established pharmacy and healthcare retailers. The property, strategically positioned at the signalized intersection of Solomons Island Road and Mayo Road, benefits from excellent visibility with over 70,000 vehicles per day. Sitting on 1.6 acres, the asset includes a 14,820 SF building built to Walgreens’ prototype specifications and features. The lease commenced in 2006 and runs through 2031 with ten options every five years beginning after the 25th lease year. The store operates in a dense suburban trade area supported by affluent demographics and major national anchors such as Walmart, ShopRite, Stop & Shop, and Target, ensuring long-term retail stability and strong cross shopping activity.

FOR SALE DETAILS

PRICE

$2,982,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

3.18 AC

LAND SF

138,521 SF

ZONING

C3

APN/PARCEL ID

01-000-04674600

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.