Walgreens - Absolute NNN - Baltimore Suburb | 7953 S Crain Hwy
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Walgreens - Absolute NNN - Baltimore Suburb 7953 S Crain Hwy
13,560 SF Retail Building Glen Burnie, MD 21061 $4,882,352 ($360/SF) 8.50% Cap Rate
Investment Highlights
- Absolute NNN - Zero Landlord Responsibilities
- 2004 Build to Suit for Walgreens - Drive Thru Equipped High Image Drug Store Prototype
- Walgreens is the Second Largest Pharmacy Chain in the United States and Operates Approximately 8,700 Locations
- 13,560 Square Foot Building Located on 1.15 Acres
- Approximately 5 Years Remaining on the Lease with 10, 5 Year Options to Renew
- Strong Location on Heavily Traveled Crain Highway in the Heart of an Active Commercial Corridor
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
13,560 SF
Building Class
B
Year Built
2004
Price
$4,882,352
Price Per SF
$360
Cap Rate
8.50%
NOI
$415,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.15 AC
Zoning
C1A - Campus Business District
Parking
44 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
98 FT on Crain Hwy
Amenities
- Drive Thru
- Car Charging Station
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03-000-00788810 | Improvements Assessment | $2,780,400 |
| Land Assessment | $862,500 | Total Assessment | $3,642,900 |
PROPERTY TAXES
Parcel Number
03-000-00788810
Land Assessment
$862,500
Improvements Assessment
$2,780,400
Total Assessment
$3,642,900
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Walgreens - Absolute NNN - Baltimore Suburb | 7953 S Crain Hwy
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