AVAILABILITY DETAILS
- Size
- 12,703 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA387924
- Notes
- Cap Rate 7.25%
NOI $309,000
Building Size 12,703 sqft
Lot Area 44,426 sqft
Occupancy 100%
Lease Type Double Net
Year Built 1999
Price Per Sqft $335.51
Tenancy Single
Lease Expiry Year 10/31/2024
STABLE INCOME - Income guaranteed by Walgreens corporate (S&P BBB) investment grade Fortune 500 Company with over 9,800 locations.
EXERCISED OPTION & SOLID STORE SALES – Walgreens reports solid sales, recently exercised first option showing commitment to location.
BALTIMORE MSA LOCATION & ±259K RESIDENTS IN 5-MI RADIUS - Baltimore is the most populous city in MD, ±259K residents in 5-mile radius.
LOCATED ON MAJOR BALTIMORE ARTERY WITH 48,722 VPD - Located on Liberty Rd. with 48,722 VPD which leads into Baltimore.
STRONG GOVERNMENT EMPLOYMENT BASE - US Social Security Admin. and Health & Human services are 1 mile away and employ over 7,000.
IMPORTANT MEDICAL & EDUCATIONAL CORRIDOR - Located by Northwest Hospital, Sinai Hospital, Johns Hopkins University and Hospital.
BALTIMORE SUBURB WITH A HH INCOME OF $86,415 IN 3-MI RADIUS - Within a 3-mi radius the HH income is $86,415 and the population is 102,289.
- 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