2310 W Patapsco Ave
Baltimore, MD 21230
MOTIVATED SELLER - 10 CAP Walgreens · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale the Walgreens located at 2310 West Patapsco Avenue in Baltimore, Maryland. This is an opportunity to purchase an existing prototype store in a densely populated area. Walgreens was built in 2002 with an initial 20-year lease that expires on January 31, 2022, with eight, five year options. The store is a 15,120 square foot prototype, which is the large format for Walgreens. The property is located just West of the busy signalized intersection of Patapsco Avenue and Hollins Ferry Road. The parcel is 2.16 acres. The lease structure is Double Net with the landlord being responsible for roof and structure. The property is located in the Southwest area of Baltimore known as Lakeland, Maryland. It is an infill, high density market with a population of over 134,000 in the three-mile ring. The area is surrounded by major highways and has great access to Interstate-95, Interstate-695, and Interstate-295. There is a lack of pharmacies in the immediate market as the next closest national drugstore is a CVS/Pharmacy that is 1.2 miles away. Walgreens is located next to the Hollinswood Shopping Centr which includes major national retailers like Subway, LA Mart, Dollar Tree, Dollar General, Sonic Drive-In, and Advance Auto Parts.