
6838 Loch Raven Blvd | Towson, MD 21286
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6838 Loch Raven Blvd
Towson, MD 21286
Walgreens | New 15yr Corp Abs NNN w/ Incrs · Retail Property For Sale


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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,667 SF
Building Class
B
Year Built
2002
Price
$5,025,615 CAD
Price Per SF
$471.14 CAD
Cap Rate
6.40%
NOI
$321,649 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.24 AC
Zoning
BL
Parking
66 Spaces (6.19 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
PROPERTY TAXES
Parcel Number | 09-2400002079 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $3,074,970 CAD |
PROPERTY TAXES
Parcel Number
09-2400002079
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,074,970 CAD
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