Walgreens | Edgewater, MD
Retail | 11.00% CAP | 14,820 SqFt
Marketing description
Walgreens located in Edgewater, Maryland presents investors the opportunity to acquire a NNN ground lease with one of the nation’s most established pharmacy and healthcare retailers. The property, strategically positioned at the signalized intersection of Solomons Island Road and Mayo Road, benefits from excellent visibility with over 70,000 vehicles per day. Sitting on 1.6 acres, the asset includes a 14,820 SF building built to Walgreens’ prototype specifications and features.
The lease commenced in 2006 and runs through 2031 with ten options every five years beginning after the 25th lease year. The store operates in a dense suburban trade area supported by affluent demographics and major national anchors such as Walmart, ShopRite, Stop & Shop, and Target, ensuring long-term retail stability and strong cross shopping activity.
Investment highlights
AFFLUENT SUBURBAN MARKET – WASHINGTON, D.C. METRO - Located just outside Washington, D.C., the property is surrounded by households earning over $140,000 annually within a 5-mile radius, creating strong purchasing power for essential retail and pharmacy services
HIGH-TRAFFIC RETAIL CORRIDOR - The asset benefits from adjacency to top national tenants including Giant, Starbucks, Chick-fil-A, Dunkin’, Chase, Sonic, Taco Bell, and IHOP, contributing to consistent consumer traffic and long-term retail stability
ESTABLISHED RESIDENTIAL DEMAND - Situated near dense residential neighborhoods with a population exceeding 95,000 within five miles, the property serves a well established customer base with strong daily needs
EXCELLENT REGIONAL CONNECTIVITY - Positioned near U.S. Route 50 and within 25 miles of downtown Washington, D.C., the location provides exceptional accessibility and visibility for both residents and commuters
PROXIMITY TO MAJOR UNIVERSITIES - Nearby institutions such as the University of Maryland, Georgetown University, George Washington University, and American University enhance area vibrancy and drive consistent local activity
ESSENTIAL RETAIL OFFERING - As a trusted community pharmacy, Walgreens provides residents convenient access to medications and everyday essentials, reinforcing its role as a staple neighborhood retailer
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