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    6700 Ritchie Hwy Glen Burnie, MD 21061

    For Sale
    $2,465,000

    NNN leased Walgreens with long-term renewal options and corporate guarantee.

    Property size:
    14,490 SF
    Lot size:
    1.59 Acres

    Property Features for 6700 Ritchie Hwy

    General Information

    Size
    14,490 SF
    Lot size
    1.59 Acres

    Source: NNN Pro Group Agent Armond Aivazyan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glen Burnie NNN Lease Property

    This property is subject to a triple net lease, meaning there are no landlord responsibilities. The tenant, Walgreens, pays the annual ground rent of $255,000. There are ten 5-year renewal options, providing a secure and long-term income stream. Walgreens operates over 9,000 drugstores across all 50 states and is one of the largest publicly traded drugstores in the United States, providing a corporate guarantee. The property is located at 6700 Ritchie Hwy, Glen Burnie, MD and has a property size of 14,490 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    COVID-19 Drive-Thru Testing ... Pharmacy Blink Charging Station Electric Vehicle Charging Station FedEx OnSite Mailing Service Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Negar M. Sadoughi, PharmD, Candy S. Tang, PharmD, Meeta S. Rankin, PharmD, Walmart Pharmacy, GNC

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.6144272
    Latitude
    39.1933238

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    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens with long-term renewal options and corporate guarantee.
    Where is this drug store located?
    The property is located at 6700 Ritchie Hwy Glen Burnie, MD.
    What is the asking price?
    The asking price for this property is $2,465,000.
    What are key features of this property?
    This property features: - Strong NNN Lease with no landlord responsibilities.; - Corporate Guarantee by Walgreens, a major national drugstore chain.; - Annual ground rent of $255,000 paid by Walgreens.
    (332) 345-2408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6700 Ritchie Hwy Glen Burnie, MD 21061
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