6838 Loch Raven Blvd - Drug Store FOR SALE


Towson, MD 21286
$3,584,000 USD
949-698-1115
6838 Loch Raven Blvd, Towson, MD for Sale
$3,584,000 USD
Drug Store - FOR SALE
1/10
null | 6.25% Cap Rate

6838 Loch Raven Blvd
Towson, MD 21286


HIGHLIGHTS

  • New 15-Year Lease | Corporate Guaranty | Rare 5% Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | 2,500+ Multi-Family Units Within 1-Mile
  • Strong Demographics In 5-Mile Trade Area | Affluent Community

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,584,000 USD

PRICE/SF

$319 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,146 SF

ZONING

BL

APN/PARCEL ID

09-2400002079

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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Patrick LutherSRS National Net LeaseMore Info
949-698-1115

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