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6700 Ritchie Hwy 14,490 SF 100% Leased Retail Building Glen Burnie, MD 21061 $2,906,201 CAD ($200.57 CAD/SF) 11% Cap Rate
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.
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.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2005
Price
$2,906,201 CAD
Price Per SF
$200.57 CAD
Cap Rate
11%
NOI
$319,682 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
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Car Charging Station
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $22.19 CAD
- Triple Net
- Jul 2030
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 Type | Lease End | |
|
|
Retailer | - | $22.19 CAD | Triple Net | Jul 2030 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-000-90020999 | Improvements Assessment | $4,047,075 CAD |
| Land Assessment | $1,450,351 CAD | Total Assessment | $5,497,426 CAD |
Property Taxes
Parcel Number
05-000-90020999
Land Assessment
$1,450,351 CAD
Improvements Assessment
$4,047,075 CAD
Total Assessment
$5,497,426 CAD
Contacts
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
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6700 Ritchie Hwy
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