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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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
- -
- -
MedStar Health was established in 1998 through a merger between Medlantic Healthcare Group and Helix Health. The organization operates a network of hospitals and outpatient facilities across the Baltimore-Washington metropolitan area. Services include emergency medicine, surgical care, cancer treatment, and rehabilitation programs. MedStar Health also runs the MedStar Health Research Institute in partnership with Georgetown University. The health system provides graduate medical education through residency programs in various specialties.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | 99,999 SF | - | - |
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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