NNN Walgreens Drugstore with
For Sale
$7,071,428
8174 Ocean Gateway, Easton, MD 21601
Corporate NNN Walgreens lease with drive-thru in a red brick prototype at a signalized hard corner.
Property Size14,469 SF
Price / SF$488.73
Days on Market45
Property Features for 8174 Ocean Gateway
General Information
Standard status
Active
Size
14,469 SF
Property subtype
Drug Store
Lease Type
NNN
Additional Details
Cap Rate
7%
Amenities
• Upscale Easton Location in Ideal Demographic for Pharmacy
• Strong Reported Store Sales with Limited Competition
• Signaled Corner Parcel Along Route 50 (31,920 VPD)
• Across from High Volume Aldi and Wawa
• Strong Intrinsic Land Value and Upgraded Architecture
Building Details
Building Size
14,469 SF
Construction
red brick
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Jul 23
Changed: Sep 5
Last Checked: Sep 5 at 3:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This Walgreens property is offered on a corporate NNN lease structure. Walgreens has approximately 5 years remaining on its current term, with two 5-year renewal options at flat rent. The building is a high-quality red brick prototype totaling 14,469 SF and includes a drive-thru and a red brick perimeter wall.
Located on a signalized hard corner with access on Ocean Gateway and Dover Rd, the site is positioned for strong visibility, with recorded traffic of 31.9K VPD on Ocean Gateway and 10.9K VPD on Dover Rd. The surrounding retail area includes national tenants such as Aldi, Wawa, McDonald’s, Popeyes, AutoZone, and Walmart, as well as Giant-anchored centers producing 2.1M+ annual visits.
The remarks also cite strong performance indicators, including 356K annual visits and $10.46M in extrapolated sales, reflecting a 4.7% rent-to-sales ratio. The location is described as one of only two national pharmacies in Easton, with performance referenced as outperforming nearby CVS.
Located on a signalized hard corner with access on Ocean Gateway and Dover Rd, the site is positioned for strong visibility, with recorded traffic of 31.9K VPD on Ocean Gateway and 10.9K VPD on Dover Rd. The surrounding retail area includes national tenants such as Aldi, Wawa, McDonald’s, Popeyes, AutoZone, and Walmart, as well as Giant-anchored centers producing 2.1M+ annual visits.
The remarks also cite strong performance indicators, including 356K annual visits and $10.46M in extrapolated sales, reflecting a 4.7% rent-to-sales ratio. The location is described as one of only two national pharmacies in Easton, with performance referenced as outperforming nearby CVS.
Key Highlights
- Corporate NNN lease to Walgreens with ~5 years remaining and ten, 5‑year renewal options at flat rent
- Drive‑thru Walgreens in a high‑quality red brick 14,469 SF prototype, including a red brick perimeter wall
- Signalized hard‑corner retail location at Ocean Gateway (31.9K VPD) and Dover Rd (10.9K VPD)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21601, MD
23,945
Population
11,609
Households
2.1
Avg Household Size
48
Median Age
41%
College-Educated
92%
High-School Grad
107.1 sq mi
ZIP Area
224
Density / Sq Mi
$81,837
Median Household Income
$48,859
Median Earnings
$1,229
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Aphena Pharma Solutions — 7978 Industrial Park Rd, Easton, MD 21601
- Walgreens Pharmacy — 8174 Ocean Gateway, Easton, MD 21601
- Minh Vo — 8174 Ocean Gateway, Easton, MD 216017144
- COVID-19 Drive-Thru Testing at Walgreens — 8174 Ocean Gateway, Easton, MD 21601
- Monica Pogue — 8174 Ocean Gateway, Easton, MD 216017144
Frequently Asked Questions
What type of property is this?
Drug store - Corporate NNN Walgreens lease with drive-thru in a red brick prototype at a signalized hard corner.
Where is this drug store located?
The property is located at 8174 Ocean Gateway Easton, MD.
What is the asking price?
The asking price for this property is $7,071,428.
What are key features of this property?
This property features: Corporate NNN lease to Walgreens with ~5 years remaining and ten, 5‑year renewal options at flat rent; Drive‑thru Walgreens in a high‑quality red brick 14,469 SF prototype, including a red brick perimeter wall; Signalized hard‑corner retail location at Ocean Gateway (31.9K VPD) and Dover Rd (10.9K VPD)
