Walgreens | Glen Burnie, MD
Retail | 11.00% CAP | 14,490 SqFt
Marketing description
The Walgreens at 6700 Ritchie Highway, Glen Burnie, MD 21061 presents an exceptional opportunity to acquire a long-term, absolute NNN leasehold with no landlord responsibilities in one of the Baltimore– Washington metro area’s most established retail corridors. The property occupies a prime position along Ritchie Highway (MD-2), benefiting from strong daily traffic, excellent visibility, and direct access to major transportation routes including I-97, I-695, and MD-100.
Located just minutes from BWI Thurgood Marshall Airport, Fort Meade, and the BWI Business District, the site draws consistent consumer traffic from surrounding residential neighborhoods, commuters, and the region’s growing employment base. Backed by Walgreens Co., one of the nation’s largest and most creditworthy pharmacy chains, this location provides stable, predictable income and serves as a recessionresistant asset in a high-demand market.
Investment highlights
AFFLUENT SUBURBAN MARKET - Within a 5-mile radius, households earn an average income exceeding $93,000 annually, supporting strong consumer spending and consistent demand for essential retail and pharmacy services
HIGH-VISIBILITY RETAIL CORRIDOR - The property is surrounded by national retailers including Costco, Walmart, Target, Aldi, Giant, Home Depot, Lowe’s, Best Buy, Chick-fil-A, Taco Bell, Starbucks, and McDonald’s, creating a high-traffic trade area with strong cross-shopping potential
ESTABLISHED RESIDENTIAL BASE - Located adjacent to dense residential neighborhoods with a population over 180,000 within five miles, the property benefits from steady consumer traffic and strong local purchasing power
CONVENIENT ACCESS TO BALTIMORE AND I-695 - The site offers excellent connectivity just 7 miles from downtown Baltimore and near Interstate 695, providing convenient access for local residents and regional commuters alike
PROXIMITY TO MAJOR UNIVERSITIES - Nearby institutions such as Johns Hopkins University, University of Maryland, and University of Baltimore contribute to consistent daytime traffic and a well-educated consumer base
ROBUST $3 BILLION REDEVELOPMENT PIPELINE - The City of Baltimore is advancing a $3 billion revitalization initiative aimed at transforming vacant properties and expanding both commercial and residential development, further strengthening long-term market growth
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