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Walgreens | New 15yr Corp Abs NNN w/ Incrs 6838 Loch Raven Blvd

10,667 SF Retail Building Towson, MD 21286 $3,584,000 ($336/SF) 6.25% Cap Rate

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Investment Highlights

New 15-Year Lease | Corporate Guaranty | Rare 5% Scheduled Rental Increases
Dense Retail Corridor | 2,500+ Multi-Family Units Within 1-Mile

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area | Affluent Community

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Walgreens investment property located in Baltimore, Maryland. The tenant, Walgreen Co., recently signed a new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day.