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MedStar Health Urgent Care 18045 Georgia Ave 6,735 SF Office Building Olney, MD 20832 $5,049,301 ($749.71/SF) 5.50% Cap Rate
Investment Highlights
- Ultra Rare Retail Opportunity in Olney, in Montgomery County
- Prime Frontage on Georgia Avenue with Traffic Counts of 33,000+ VPD.
- Located in Epicenter of Olney, Just Off Major Intersection
- The Only Urgent Care in the Olney Sub-Market and Surrounding Area
Executive Summary
Surmount is pleased to present the exclusive listing for a MedStar Health Urgent Care located at 18045 Georgia Avenue, Olney, MD 20832.? The site consists of roughly 6,735 rentable square feet of building space on an estimated .37-acre parcel of land.? subject to a new 6-year lease extension that commences in July 2026 and expires June 30, 2032.? The current annual rent is $277,712 and has scheduled increases of 2.00% Annually.?
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,735 SF
Building Class
C
Year Built
1988
Price
$5,049,301
Price Per SF
$749.71
Cap Rate
5.50%
NOI
$277,712
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,735 SF
Building FAR
0.42
Lot Size
0.37 AC
Zoning
CRT
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-02740821 | Improvements Assessment | $1,078,900 |
| Land Assessment | $497,900 | Total Assessment | $1,576,800 |
Property Taxes
Parcel Number
08-02740821
Land Assessment
$497,900
Improvements Assessment
$1,078,900
Total Assessment
$1,576,800
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MedStar Health Urgent Care | 18045 Georgia Ave
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