Listed by Atlantic Capital Partners
$4,774,000
Walgreens | Washington, DC MSA
Details
APN 01001396
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 14,742
Net Rentable (SqFt) 14,742
Units 1
Cap Rate 6.40%
NOI $305,550
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options 13 x 5-year options
Year Built 2008
Stories 1
Acreage 1.560
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/21/2023
Ground Lease No
6.40% CAP | 13+ Year Term Remaining in Affluent La Plata, MD
Investment highlights
ATTRACTIVE LEASE FUNDAMENTALS
- 5% Rental Increases every 5 Years
- Twelve (12) 5 (5) year extensions
- Abs. NNN Lease, Zero Landlord Responsibilities
- Corporate Lease - Walgreens Co
POSITIONED IN DENSE RETAIL NODE
- Within a 1-mile radius of the site is more than 1.1M SF of retail Space with a vacancy rate of 1.8%
- Nearby national retailers include: Target, Safeway, Petco, Walmart Supercenter, Lowe’s Home Improvement, and more
WASHINGTON, DC MSA
- La Plata, MD was one of the fastestgrowing communities in Maryland last year with an annual growth rate of 4.74%
- The Washington, DC MSA as a whole has increased by 1.4% YOY
- The Washington, DC MSA is the 7th most populous MSA in the United States with over 6.3 Million people
HARD CORNER SITE SURROUNDED BY NEW DEVELOPMENT
- Site is located at the busy lighted intersection of Crain Hwy (41.3K VPD) and Hawthorne Rd (4,432 VPD) with access off of both roads
- More than 474 residential units under construction near the site
- Per La Plata City, there are over 2,000 residential units set to begin construction surrounding the site with the final plats approved
AFFLUENT SURROUNDING DEMOGRAPHICS
- AHHI exceeds $115K in a 1-mile radius, $28K in 3-mile radius, and $134K in a 5-mile radius
- La Plata is a very densely populated and wealthy community with high discretionary income
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,550.00
$25,462.50/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
Map
Zoning
CH CommercialSpecial CommercialCommercial Highway
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View all 98 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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