13307 New Hampshire Ave
Silver Spring, MD 20904

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer for sale the fee simple interest in this corporately guaranteed Walgreens (NYSE: WBA) located in Silver Spring, Maryland. This Walgreens has 12 years remaining on an original 25-year NNN lease. Originally developed in 2005 as an Eckerd Drug Store, astute drug store investors will appreciate the rare 25-year term located in the high barrier to entry in the Montgomery County, Maryland submarket. Shortly after the property was developed, Eckerd was purchased by Rite Aid and this store has operated as a Rite Aid since 2007. As a result of the recent acquisition of Rite Aid by Walgreens Boots Alliance, this store will soon be rebranded. Although store sales are not reported, investors will benefit from the long-standing history of drug store operation in this location and limited competition within a three-mile radius. The property is situated on a 1.25-acre site, and Walgreens has shared access with both Capital One Bank and Bank of America which boast deposits of over $158 Million and $161 Million respectively as of June 2017. The property fronts New Hampshire Avenue which is a two-lane divided highway connecting Interstate-495, Washington Capital Beltway and the newly constructed Intercounty connector MD-200 toll road which connects major highways Interstate-270 and Interstate-95. The property has direct permanent access to Wolf Drive and a traffic signal at the intersection of New Hampshire Avenue and Wolf Drive, permitting easy ingress/egress for vehicles going in either direction on New Hampshire Avenue. This stretch of New Hampshire Avenue has traffic count of 42,775 vehicles per day. Within a 3-mile radius there are 96,154 individuals with an Average Household Income of $127,278. Additional retailers in the immediate area include Giant, Wendy’s, McDonald’s, BB&T, USPS, 7-Eleven and Dunkin Donuts.