1510 Reisterstown Rd | Pikesville, MD 21208
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1510 Reisterstown Rd
Pikesville, MD 21208
Walgreens Retail Center - Pikesville, MD · Retail Property For Sale
Investment Highlights
- Walgreens Anchored Retail Center - Long Term Leases - Scheduled Rental Increases
- Solid and predictable cash flow driven by the long-term lease to strong performing Walgreens
- Long term Walgreens (S&P: BBB) lease provides 89% of the base rental income and occupies 75% of the GLA
- Walgreens Pikesville is one of the most visited Walgreens in the Region and Top 15% in the USA
- 24,741 sf Walgreens anchored shopping center located just one-half mile inside the Baltimore Beltway
- Scheduled 3% annual rental increases for ASAP Cleaners and Girlkin Lashes Salon
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
24,741 SF
Building Class
B
Year Built/Renovated
1982/2013
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Slab To Slab
10’
Building FAR
0.29
Lot Size
1.97 AC
Zoning
BLCT - intended for mixed-use development that supports local businesses and community-oriented services.
Parking
123 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,572,100 | |
| Land Assessment | $1,103,700 | Total Assessment | $6,675,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,103,700
Improvements Assessment
$5,572,100
Total Assessment
$6,675,800
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