1420 Key Hwy
Baltimore, MD 21230
Walgreens (Retail Condominium | 23 Years) · Office Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens retail condominium located in Baltimore' s Federal Hill neighborhood. The offering is located on the first floor of a newly constructed medical office building tenanted by MedStar Health which is the largest healthcare provider in Maryland and Washington DC. The building was constructed in 2014 in a densely concentrated urban in-fill location amongst Baltimore' s most notable tourist attractions. There are over 23 years remaining on the Walgreens lease which expires on May 31, 2039. The lease features ten 5-year renewal option periods. Walgreens is an investment grade rated company with a Standard & Poor' s rating of BBB. The Walgreens retail condominium is the first floor of a three story building that is anchored by MedStar Health. MedStar operates an urgent care center on the second floor of the building and has a physical therapy unit on the third floor. Additionally, the third floor contains a doctor' s office for primary care, orthopedics, podiatry, OB/GYN and other practices. MedStar operates more than 120 entities including 10 hospitals and employs over 30,000 associates and is the largest health care provider in the Baltimore-Washington DC MSA