3106 Solomons Island Rd - Drug Store FOR SALE


Edgewater, MD 21037
$3,546,000 USD
332-345-4222
3106 Solomons Island Rd, Edgewater, MD for Sale
$3,546,000 USD
Drug Store - FOR SALE
1/3
null | 9.25% Cap Rate

3106 Solomons Island Rd
Edgewater, MD 21037


HIGHLIGHTS

  • Strong NNN Lease | The site is subject to a triple net lease with no landlord responsibilities.
  • 50 Years of Renewal Options | There are 10, 5-year renewal options, providing a secure and long-term source of income.
  • Ground Rent Coverage | Walgreens pays the annual ground rent of $202,400.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 3106 Solomons Island Road, Edgewater, MD 21037. The site consists of roughly 14,820 rentable square feet of building space on an estimated 3.19-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 4/28/2006. The current annual rent is $328,000.

FOR SALE DETAILS

PRICE

$3,546,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens Leasehold

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.19 AC

LAND SF

138,956 SF

ZONING

C3, County

APN/PARCEL ID

01-000-04674600

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.