Log In/Sign Up
Your email has been sent.
6700 Ritchie Hwy 14,490 SF 100% Leased Retail Building Glen Burnie, MD 21061 $2,840,860 CAD ($196.06 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
$2,840,860 CAD
Price Per SF
$196.06 CAD
Cap Rate
11%
NOI
$312,495 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
- -
- $21.69 CAD
- Triple Net
- Jul 2030
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $21.69 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 | $3,908,135 CAD |
| Land Assessment | $1,400,559 CAD | Total Assessment | $5,308,694 CAD |
Property Taxes
Parcel Number
05-000-90020999
Land Assessment
$1,400,559 CAD
Improvements Assessment
$3,908,135 CAD
Total Assessment
$5,308,694 CAD
Contacts
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
6700 Ritchie Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.