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Walgreens: Randallstown, MD 9110 Liberty Rd 14,448 SF Retail Building Randallstown, MD 21133 $5,166,977 ($357.63/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease
- Located along Liberty Road (22,173 VPD), just feet from it's Intersection with Offutt Road (7,674 VPD)
- 9.4 MSF Retail, 10.7 MSF Office, 2.8 MSF Industrial & 27,990 Multifamily Units Within 5 Miles
- 5% Rent Increases Every 5 Years & in Each of the Twelve, 5-Year Renewal Options
- Within Feet of the 113,516 SF Randallstown Plaza Shopping Center (Family Dollar, Subway, HHT Fitness, Davita Dialysis, etc.)
- Less Than 11 Miles from Downtown Baltimore | MSA Population: 2.87M+
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 14,448-square-foot Walgreens situated on 2.26 acres in Randallstown, MD - a component of the Baltimore-Columbia-Towson, MD MSA (Population: 2.87M+). Walgreens’ NNN lease commenced in November 2023 and features ±13.1 years of term remaining with 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,448 SF
Building Class
B
Year Built
2001
Price
$5,166,977
Price Per SF
$357.63
Cap Rate
6.45%
NOI
$333,270
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.26 AC
Frontage
152’ on Liberty Rd
AMENITIES
- Drive Thru
- Car Charging Station
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-2300011587 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,790,733 |
PROPERTY TAXES
Parcel Number
02-2300011587
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,790,733
CONTACTS
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Kaitlyn Wolf -
Ryan Sciullo -
Leah Lindell -
Abby Kelly -
CBRE
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Walgreens: Randallstown, MD | 9110 Liberty Rd
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