6700 Ritchie Hwy - Drug Store FOR SALE


Glen Burnie, MD 21061- Ferndale
$2,073,000 USD
508-272-0585
6700 Ritchie Hwy, Glen Burnie, MD for Sale
$2,073,000 USD
Drug Store - FOR SALE
1/5
null | 11% Cap Rate

6700 Ritchie Hwy
Glen Burnie, MD 21061
Ferndale


HIGHLIGHTS

  • AFFLUENT SUBURBAN MARKET
  • HIGH-VISIBILITY RETAIL CORRIDOR
  • ESTABLISHED RESIDENTIAL BASE
  • CONVENIENT ACCESS TO BALTIMORE AND I-695
  • PROXIMITY TO MAJOR UNIVERSITIES
  • ROBUST $3 BILLION REDEVELOPMENT PIPELINE

OVERVIEW

The Walgreens at 6700 Ritchie Highway, Glen Burnie, MD 21061 presents an exceptional opportunity to acquire a long-term, absolute NNN leasehold with no landlord responsibilities in one of the Baltimore– Washington metro area’s most established retail corridors. The property occupies a prime position along Ritchie Highway (MD-2), benefiting from strong daily traffic, excellent visibility, and direct access to major transportation routes including I-97, I-695, and MD-100. Located just minutes from BWI Thurgood Marshall Airport, Fort Meade, and the BWI Business District, the site draws consistent consumer traffic from surrounding residential neighborhoods, commuters, and the region’s growing employment base. Backed by Walgreens Co., one of the nation’s largest and most creditworthy pharmacy chains, this location provides stable, predictable income and serves as a recessionresistant asset in a high-demand market.

FOR SALE DETAILS

PRICE

$2,073,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C-3

APN/PARCEL ID

05-000-90020999

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.