585 Marketplace Dr - Freestanding FOR SALE
Bel Air, MD 21014 |
410-507-0141
585 Marketplace Dr
Bel Air, MD 21014
HIGHLIGHTS
- Rare opportunity to purchase the leasehold interest at 585 Marketplace Drive in Bel Air, Maryland, leased to Walgreens through 2034.
- Future investors will be purchasing the consistent, dependable income stream coming from the Walgreens lease.
- Walgreens' monthly rent is an impressive $23,666.66, paired with the ability to sublease the space through Walgreens.
- Building is currently vacant, but Walgreens has a monthly rent obligation running until March of 2034.
- If Walgreens does not extend the lease past March 2034, the building will go back to the Ground Lessor.
FOR SALE DETAILS
PRICE
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CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Retail Leasehold | Long-Term Income Stream
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
0.92 AC
LAND SF
40,075 SF
ZONING
Commercial
APN/PARCEL ID
03-324842
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410-507-0141
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410-507-0141
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