2311 Hanover Pike, Hampstead, MD 21074 For Sale

SRS National Net Lease is pleased to present the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN-leased CVS Zero Cash Flow investment property located in Hampstead, Maryland. The property is leased to CVS (NYSE: CVS) under a 25-year absolute NNN lease with approximately eight (8) years remaining and four (4) five-year options to extend, the latter two of which are at fair market rent—underscoring the tenant’s long-term commitment to this location. The absolute NNN structure features zero landlord responsibilities, creating a truly management-free investment that is especially attractive to out-of-state or passive investors. The building is subject to a 24-year ground lease, also with approximately eight (8) years remaining and four (4) five-year options to renew. Importantly, the ground lease has been assigned to CVS, further minimizing ongoing obligations and day-to-day management for the leasehold owner.

The CVS is prominently positioned near a signalized, hard-corner intersection at Hanover Pike Road and Prairie Avenue, benefiting from a combined traffic count of approximately 18,300 vehicles per day. Hanover Pike Road is a primary commercial corridor serving the city of Hampstead, providing strong visibility and convenient access for both local residents and commuters. The property is an outparcel to Hampstead Marketplace, co-tenanted by Mattress Firm and Xpress Urgent Care, which generates complementary daily-needs traffic. Additionally, the site is directly across from a Walmart-anchored shopping center and in close proximity to a Weis grocery store, further enhancing its regional draw and consumer traffic. This CVS is one of the few pharmacy locations within a six (6)-mile radius directly serving surrounding residential neighborhoods. The five (5)-mile trade area boasts a population of over 28,000 residents with an average household income of $136,313, providing a strong, affluent customer base and supporting the long-term viability of this location.