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2401 Solomon's Island Rd
Annapolis, MD 21401
Office Depot | New 10yr Corp Lease Renewal · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 8+ Years Remaining in a 10-Year Lease Renewal | Options To Extend Corporate Guaranteed Lease
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-mile Trade Area | Six Figure Incomes | High Barrier To Entry Submarket
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Surrounding Residential Consumer Base | Retail Corridor | Annapolis Towne Center (2.1 Million SF)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
16,708 SF
Building Class
B
Year Built/Renovated
1969/2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.17 AC
Zoning
B2
Parking
33 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
250’ on Solomon's Island Rd

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

ABOUT 2401 SOLOMON'S ISLAND RD , ANNAPOLIS, MD 21401

The Office Depot is located at the signalized, hard corner intersection of Solomons Island Road / State Highway 2 and Forest Drive, with a combined 46,300 vehicles passing by per day. Solomons Island Road / State Highway 2 is a major retail thoroughfare serving the city of Annapolis and provides direct access to U.S. Highway 301 & 50 approximately .50 miles north of the property. The Office Depot is situated near four shopping centers, totaling more than 2.75 million square feet. The largest of the four is Annapolis Towne Center, a 2.1 million square foot mixed-use center with anchor tenants Target, Whole Foods, 24-Hour Fitness, and Bed Bath & Beyond. Annapolis Towne Center also has several apartment and condo buildings within the center, totaling to more than 560 units. Located across from the asset is Forest Plaza (193,000 SF) and Festival at Riva Shopping Center (300,000 SF), both featuring national tenants such as Giant, TJ Maxx, The Home Depot, and Dollar Tree, further increasing consumer traffic to the trade area. The site is also near Annapolis Harbour Center (280,000 SF) which is anchored by Nordstrom Rack, DSW, Old Navy, and Barnes & Noble. The 5-mile trade area is supported by more than 108,500 residents and nearly 90,000 employees with an affluent average household income of $138,200.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-000-08576615
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,991,033
  • Listing ID: 17158078

  • Date on Market: 9/10/2019

  • Last Updated:

  • Address: 2401 Solomon's Island Rd, Annapolis, MD 21401

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