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3106 Solomons Island Rd 14,820 SF Retail Building Edgewater, MD 21037 $4,162,186 CAD ($280.85 CAD/SF) 11% Cap Rate
Investment Highlights
- AFFLUENT SUBURBAN MARKET
- ESTABLISHED RESIDENTIAL DEMAND
- PROXIMITY TO MAJOR UNIVERSITIES
- HIGH-TRAFFIC RETAIL CORRIDOR
- EXCELLENT REGIONAL CONNECTIVITY
- ESSENTIAL RETAIL OFFERING
Executive Summary
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.
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
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- -
- -
Labcorp began in Burlington, North Carolina, in 1995 as a local laboratory that later grew through decades of expansion and scientific investment. The company now operates as a global life sciences and healthcare business focused on diagnostics and drug development support, with services that help patients, providers, and biopharma organizations make healthcare decisions. Labcorp’s work spans clinical laboratory testing, genetics, and other specialized laboratory services, reflecting a business model built around advancing health through data and scientific insight.
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- Accommodation and Food Services
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- -
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Sonic Drive-In is an American drive-in fast-food chain founded in 1953 in Shawnee, Oklahoma. The company grew from a small root beer stand originally known as Top Hat before adopting the Sonic name in 1959. Over the decades, it expanded across the United States with a model centered on car-based ordering and service. Sonic became known for its extensive drink options, customizable menu items, and the use of carhops for food delivery. The brand continues to operate as a subsidiary of Inspire Brands, a restaurant holding company that acquired it in 2018. Sonic maintains its headquarters in Oklahoma City, where corporate operations and brand management are based. The company remains privately held under Inspire Brands and continues to oversee a national franchise system.
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- Retailer
- -
- -
- Jan 2031
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Health Care and Social Assistance | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Retailer | - | - | Jan 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-000-04674600 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $10,678,432 CAD |
Property Taxes
Contacts
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Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
Presented by
3106 Solomons Island Rd
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