Available For Sale - Retail

13,905 SF | Show Pricing $

AVAILABILITY DETAILS

Size
13,905 SF
Price/SF
Show Pricing $
Listing ID
SA387923
Notes
Cap Rate 7.25%

NO I$330,000

Building Size 13,905 sqft

Lot Area 68,781 sqft

Occupancy 100%

Lease Type Double Net

Year Built 2000

Price Per Sqft $327.34

Tenancy Single

Lease Expire Year 06/30/20025



STABLE INCOME - Income guaranteed by Walgreens corporate (S&P BBB) investment grade Fortune 500 Company with over 9,900 locations.

RECENTLY EXERCISED OPTION AND SOLID STORE SALES – Walgreens reported solid sales at this location and recently exercising their first option.

RENT INCREASES BY ±18.5% IN 2025 - The next option begins July 1, 2025 and rent will increase by approximately 18.5% to $405,000.

1 MILE FROM PIMLICO $200M REDEVELOPMENT PLAN - Baltimore has a $200M redevelopment plan for Pimlico racetrack and surrounding area.

INFILL BALTIMORE MSA LOCATION WITH ±430K RESIDENTS IN 5 MI RADIUS - Baltimore is the most populous city in MD, ±430K residents in 5-mile radius.

IMPORTANT MEDICAL & EDUCATIONAL CORRIDOR - Located by Sinai Hospital, Johns Hopkins University and Johns Hopkins Hospital.

INFILL BALTIMORE DEMOS WITH HH INCOME OF $77,403 IN 3-MI RADIUS - Within a 3-mile radius the HH income is $77,403 and population is 154,348.

LOCATED ON REISTERTOWN RD - HIGH TRAFFIC OF 51,931 VPD - Located on W. Northern Pkwy. & Reisterstown Rd., a main artery leading to Baltimore
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jason Pongsrikul, Pharma Property Group