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Commercial real estate marketing

Walgreens Retail Center | 6% Cap Rate | $12.25M | Corner Location | Highly Ranked Store

INVESTMENT HIGHLIGHTS

 

Walgreens Anchored Retail Center - Long Term Leases - Scheduled Rental Increases
Walgreens Pikesville is one of the most visited Walgreens in the Region and Top 15% in the USA
Solid and predictable cash flow driven by the long-term lease to strong performing Walgreens
25,476 sf Walgreens anchored shopping center located just one-half mile inside the Baltimore Beltway.
Long term Walgreens (S&P: BBB) lease provides 89% of the base rental income and occupies 75% of the GLA
Scheduled 3% annual rental increases for ASAP Cleaners and Girlkin Lashes Salon
Value add potential in 735sf of available space
Located at Signalized Hard Corner Intersection at dense retail Corridor with a combined 63,600 VPD
Nearly 2 Acre signalized corner parcel

$12,250,000

6.00%

EXCLUSIVELY MARKETED BY

Rick Fernandez

Senior Managing Director,

SRS National Net Lease Group -
Washington, D.C.

 

D 703.787.4732
 

VA License No. 0225176005

Andrew Fallon

Executive Managing Director & Market Leader,

SRS National Net Lease Group -
Washington, D.C.

 

D 703.787.4733
M 202.286.1542

VA License No. 0225193951

Reciprocal Broker: David Wirth, SRS Real Estate Partners-Northeast, LLC | MD License No. 5000356

 
NNLG LISTINGS
NNLG TEAM
NNLG LINKEDIN

SRS National Net Lease Group
610 Newport Center Drive, Suite 1500  |  Newport Beach, California 92660

 

This information contained herein was obtained from sources deemed to be reliable; however SRS makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

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