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6700 Ritchie Hwy 14,490 SF 100% Leased Retail Building Glen Burnie, MD 21061 $2,870,193 CAD ($198.08 CAD/SF) 11% Cap Rate

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Investment Highlights

AFFLUENT SUBURBAN MARKET
ESTABLISHED RESIDENTIAL BASE
PROXIMITY TO MAJOR UNIVERSITIES

HIGH-VISIBILITY RETAIL CORRIDOR
CONVENIENT ACCESS TO BALTIMORE AND I-695
ROBUST $3 BILLION REDEVELOPMENT PIPELINE

Executive Summary

The Walgreens at 6700 Ritchie Highway, Glen Burnie, MD 21061 presents an exceptional opportunity to acquire a long-term, absolute NNN leasehold with no landlord responsibilities in one of the Baltimore– Washington metro area’s most established retail corridors. The property occupies a prime position along Ritchie Highway (MD-2), benefiting from strong daily traffic, excellent visibility, and direct access to major transportation routes including I-97, I-695, and MD-100.
Located just minutes from BWI Thurgood Marshall Airport, Fort Meade, and the BWI Business District, the site draws consistent consumer traffic from surrounding residential neighborhoods, commuters, and the region’s growing employment base. Backed by Walgreens Co., one of the nation’s largest and most creditworthy pharmacy chains, this location provides stable, predictable income and serves as a recessionresistant asset in a high-demand market.

Glen Burnie MD - Walgreens OM - compressed

Property Facts

Sale Type

Investment

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,490 SF

Building Class

Year Built

2005

Price

$2,870,193 CAD

Price Per SF

$198.08 CAD

Cap Rate

11%

NOI

$315,721 CAD

Percent Leased

100%

Building Height

1 Story

Building FAR

0.21

Lot Size

1.59 AC

Zoning

C-3 - General Commercial District

Parking

69 Spaces (4.76 Spaces per 1,000 SF Leased)

Frontage

163’ on Ritchie Hwy

Corner Lot
Pylon Sign

Signage
Signalized Intersection

Drive Thru

Car Charging Station

Major Tenants

Retailer
-
$21.92 CAD
Triple Net
Jul 2030

Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.