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6700 Ritchie Hwy 14,490 SF 100% Leased Retail Building Glen Burnie, MD 21061 $2,073,000 ($143.06/SF) 11% Cap Rate

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INVESTMENT HIGHLIGHTS

AFFLUENT SUBURBAN MARKET
ESTABLISHED RESIDENTIAL BASE
PROXIMITY TO MAJOR UNIVERSITIES

HIGH-VISIBILITY RETAIL CORRIDOR
CONVENIENT ACCESS TO BALTIMORE AND I-695
ROBUST $3 BILLION REDEVELOPMENT PIPELINE

EXECUTIVE SUMMARY

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.

Glen Burnie MD - Walgreens OM - compressed

PROPERTY FACTS

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,490 SF

Building Class

Year Built

2005

Price

$2,073,000

Price Per SF

$143.06

Cap Rate

11%

NOI

$228,030

Percent Leased

100%

Building Height

1 Story

Building FAR

0.21

Lot Size

1.59 AC

Zoning

C-3 - General Commercial District

Parking

69 Spaces (4.76 Spaces per 1,000 SF Leased)

Frontage

163’ on Ritchie Hwy

Corner Lot
Pylon Sign

Signage
Signalized Intersection

Drive Thru

Car Charging Station

MAJOR TENANTS

Retailer
-
$15.83
Triple Net
Jul 2030

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.