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3106 Solomons Island Rd 14,820 SF Retail Building Edgewater, MD 21037 $2,982,000 ($201.21/SF) 11% Cap Rate
INVESTMENT HIGHLIGHTS
- AFFLUENT SUBURBAN MARKET
- ESTABLISHED RESIDENTIAL DEMAND
- PROXIMITY TO MAJOR UNIVERSITIES
- HIGH-TRAFFIC RETAIL CORRIDOR
- EXCELLENT REGIONAL CONNECTIVITY
- ESSENTIAL RETAIL OFFERING
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Health Care and Social Assistance
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Labcorp gives everything their all—because everything they do has the potential to change lives. They are a global life sciences and healthcare company harnessing science for human good. Every day, their mission is to improve health and improve lives. They are scientists, medical researchers, doctors and healthcare professionals. They are people first. People looking to science for the answers that will lead to better, healthier lives. For over 50 years, their discoveries and insights have shattered the norm and helped make real, meaningful differences for people around the world.
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- Accommodation and Food Services
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For more than 60 years, SONIC, America’s Drive-In has built a dominant position in the drive-in restaurant business. SONIC did it by sticking to what made drive-ins so popular in the first place: made-to-order American classics, signature menu items, speedy service from friendly Carhops and heaping helpings of fun and personality. SONIC is part of the Inspire Brands family of restaurants.
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- Retailer
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- Jan 2031
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Health Care and Social Assistance | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Retailer | - | - | Jan 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-000-04674600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,650,567 |
PROPERTY TAXES
CONTACTS
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Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
Presented by
3106 Solomons Island Rd
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