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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 Patient Service Center in Gaithersburg is part of Laboratory Corporation of America Holdings (NYSE:?LH), a publicly traded global life sciences company founded in 1978. The location provides routine and specialty lab testing—including blood draws, COVID/PCR, allergy panels, drug screens, and at-home kit support—serving individual patients and healthcare providers. Conveniently located within a medical-office plaza, the center accepts walk-ins and scheduled appointments, and results are available online via the Labcorp Patient Portal. Open weekdays from 7:00?a.m. to 3:30?p.m. and Saturdays until noon, it operates as one of over 2,000 Labcorp testing sites nationwide. As a publicly traded entity, Labcorp integrates its clinical services into broader diagnostic and healthcare networks.
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- Accommodation and Food Services
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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, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| 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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