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3106 Solomons Island Rd 14,820 SF Retail Building Edgewater, MD 21037 $4,200,117 CAD ($283.41 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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- -
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Labcorp began in 1969 as a small clinical laboratory in North Carolina and has grown into a life sciences and healthcare company focused on helping guide health decisions. The company serves patients, healthcare providers, health systems, and biopharma organizations with diagnostic testing, specialty laboratory services, clinical trial testing, real-world data, and commercialization support for therapies. Labcorp also expanded its drug development capabilities through the Covance acquisition, linking laboratory science with research, regulatory support, and development services across its broader business.
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- Accommodation and Food Services
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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
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- Jan 2031
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| 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 | $10,775,747 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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