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3106 Solomons Island Rd 14,820 SF Retail Building Edgewater, MD 21037 $2,982,000 ($201.21/SF) 11% Cap Rate
Investment Highlights
- AFFLUENT SUBURBAN MARKET
- ESTABLISHED RESIDENTIAL DEMAND
- PROXIMITY TO MAJOR UNIVERSITIES
- HIGH-TRAFFIC RETAIL CORRIDOR
- EXCELLENT REGIONAL CONNECTIVITY
- ESSENTIAL RETAIL OFFERING
Executive Summary
The lease commenced in 2006 and runs through 2031 with ten options every five years beginning after the 25th lease year. The store operates in a dense suburban trade area supported by affluent demographics and major national anchors such as Walmart, ShopRite, Stop & Shop, and Target, ensuring long-term retail stability and strong cross shopping activity.
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
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LabCorp is a publicly traded life sciences company headquartered in Burlington, North Carolina. Founded on September 5, 1978, the organization has evolved into a global provider of diagnostic testing and laboratory services. Operating across nearly 100 countries, the company offers extensive clinical diagnostics and supports medical decision-making through specialized laboratory capabilities. LabCorp functions through two primary segments: diagnostics services and biopharma laboratory services. Its diagnostic offerings include routine and specialized laboratory tests, molecular diagnostics, and pathology analysis. The organization is also active in drug development, providing laboratory support for clinical trials and related research. LabCorp is listed on the New York Stock Exchange under the ticker symbol LH and is privately held by a broad base of public shareholders. The company has achieved notable growth through strategic acquisitions and technological investment. Its network includes laboratory campuses, specialty testing centers, and administrative operations supporting laboratory workflows.
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- Accommodation and Food Services
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- -
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Sonic Drive-In is an American drive-in fast-food chain founded in 1953 in Shawnee, Oklahoma. The company grew from a small root beer stand originally known as Top Hat before adopting the Sonic name in 1959. Over the decades, it expanded across the United States with a model centered on car-based ordering and service. Sonic became known for its extensive drink options, customizable menu items, and the use of carhops for food delivery. The brand continues to operate as a subsidiary of Inspire Brands, a restaurant holding company that acquired it in 2018. Sonic maintains its headquarters in Oklahoma City, where corporate operations and brand management are based. The company remains privately held under Inspire Brands and continues to oversee a national franchise system.
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- Retailer
- -
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- Jan 2031
Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Health Care and Social Assistance | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Retailer | - | - | Jan 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-000-04674600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,650,567 |
Property Taxes
Contacts
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Eric Suffoletto -
David Hoppe -
Danny Griffin -
Ben Olmstead -
Kendra Doherty -
Atlantic Capital Partners
Presented by
3106 Solomons Island Rd
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