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Browse More Listings in Retail For Sale, Severna Park, MD or Maryland

Retail Property - Off Market

Walgreens 7.5% cap

498 Ritchie Highway, Severna Park, MD 21146

Price:
N/A
Building Size:
14,080 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Street Retail
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
7.50%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.03 AC

Last Verified 8/3/2009 Listing ID 16287306

Description

** For more information click on attachments below.

" 7.50% Absolute net return for at least 24 years, payable monthly.
" Plus tax benefits of real estate ownership, and possible appreciation.
" Secured by ownership of Walgreens leased real estate.
" New Construction 75 Year NNN Lease.
" Zero Landlord Responsibilities.
" Walgreens (NYSE:WAG) corporate guarantee.

Median Family Income in Severna Park, MD
In the last complete census survey, the median family income in the community was $93,923. Median family income in the U.S. was $50,046.

" Walgreens is the nation's largest drugstore chain, with fiscal sales of $59 Billion in 2008. The end of 2008 also marked the company's 34th consecutive year of record sales and earnings. Walgreens was named to Fortune magazine's Most Admired Companies in America for the 15th consecutive year, and is ranked 40th on the Fortune 500 list of the largest US Based Companies.

** For more information click on attachments below.

Map of 498 Ritchie Highway, Severna Park, MD 21146 (Anne Arundel County)

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Additional Options: Print Listing; View Map; Demographics; Research Price

Created 6/20/2009

Additional Information for 498 Ritchie Highway, Severna Park, MD 21146

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 498 Ritchie Highway, Severna Park, MD 21146

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Park Plaza
$16.00 - $26.00/SF/Year
1,500 - 3,072 SF
522 Ritchie Highway
Negotiable
20,820 SF

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Walgreens 7.5% cap

498 Ritchie Highway, Severna Park, MD, 21146