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Walgreens 6300 Crain Hwy 14,742 SF Retail Building La Plata, MD 20646 $6,664,122 CAD ($452.05 CAD/SF) 6.40% Cap Rate

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INVESTMENT HIGHLIGHTS

HARD CORNER SITE SURROUNDED BY NEW DEVELOPMENT
POSITIONED IN DENSE RETAIL NODE

AFFLUENT SURROUNDING DEMOGRAPHICS

EXECUTIVE SUMMARY

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 fastest growing 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

La Plata, MD_Walgreens_6.40%

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,742 SF

Building Class

Year Built

2008

Price

$6,664,122 CAD

Price Per SF

$452.05 CAD

Cap Rate

6.40%

NOI

$426,523 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.22

Lot Size

1.56 AC

Zoning

CH - Commercial Highway

Parking

71 Spaces (4.82 Spaces per 1,000 SF Leased)

Frontage

235’ on Crain Highway

Corner Lot

Signage

Signalized Intersection

Drive Thru

MAJOR TENANTS

Retailer
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-
Triple Net
-

Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.