8050 Liberty Rd
Windsor Mill, MD 21244
Walgreens Baltimore 7.65 CAP Option Renewed · Retail Property For Sale

We are pleased to present for sale the opportunity to acquire the Walgreens property located in Baltimore, MD. Walgreens is reporting solid sales at this location as evidenced by them recently exercising their first option showing commitment to this location. This lease operates on a double net lease basis, has approximately 4.5 years remaining on the term with seven (5-year) options to follow with landlord responsible for roof and structure. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB- (S&P) and is a top 20 Fortune 500 company with ±9,277 locations. This Walgreens is located near several major medical facilities. Northwest Hospital is 1.7 miles northwest and has 254 beds and 2,300 employees. Sinai Hospital is 2 miles northeast and has 505 beds and 4,700 employees. Johns Hopkins University is 4.7 miles southeast with an enrollment of 27,000 students and 5,000 employees. Johns Hopkins Hospital, the teaching hospital for JHU has 1,162 beds and employs approximately 25,000 people in the region. The subject property is located at the signalized corner of Liberty Road (34,941 VPD) and Milford Mill Road (13,781 VPD) for a combined traffic count of 48,722 vehicles per day. Liberty Road is a major northwest artery that leads into Baltimore located just off of Interstate 695 at exit 18B, which also leads into Baltimore with a traffic count of 188,582 vehicles per day. The offices of the U. S. Social Security Administration and Health and Human services are located within a mile from the subject property. The SSA office is a regional center where Social Security checks are processed nationwide and both agencies employ over 7,000 residents in the area. Within a 3-mile radius of the subject property, the household income is $86,415 and the population is 102,289. There are 259,415 residents within a 5-mile radius and the household income is $87,175. Baltimore is the most populous city in the state of Maryland and there is roughly 259,000 residents in a 5-mile radius of the subject property. It is part of the Washington-Baltimore combined statistical area which has a population of approximately 10 million residents.