13415 Pennsylvania Ave Hagerstown, MD 21742

Listing agency Goodman Real Estate Services Group LLC Show Phone

Listed by Kyle Hartung · License #OH SAL.2003016343

Source Crexi

Added: Apr 12 Updated: Jul 22 at 8:54AM Checked: Jul 22 at 8:54AM

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Investment Insights

Based on property information with market context.

For sale is the fee simple interest in a brand-new Walgreens Co. retail property in Hagerstown, Maryland, completed in June 2022. The building is the company’s newest small-format drive-thru prototype and is designed to support a streamlined retail mix focused primarily on prescriptions and over-the-counter medication. The lease is triple net and includes a firm, corporately-guaranteed 10-year initial term with options.

The property is located less than one block from Volvo’s Diesel Engine manufacturing facility, which has more than 1,500 on-site employees. Hagerstown Regional Airport is just north of the location, and the city is about 30 miles from greater Washington, D.C., supporting ongoing workforce and commerce between the two markets.

Key Highlights

• Newly completed Walgreens small‑format drive‑thru prototype completed in June 2022
• Fee simple interest offered with a new corporate lease with Walgreen Co.
• Triple‑net lease with a firm, corporately‑guaranteed 10‑year initial term plus options

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• Walgreens Pharmacy — 13415 Pennsylvania Ave, Hagerstown, MD 21742
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FAQs

What type of property is this?

Drug store - Newly completed Walgreens drive-thru prototype with a firm 10-year corporate lease and triple-net structure.

Where is this drug store located?

The property is located at 13415 Pennsylvania Ave Hagerstown, MD.

What are key features of this property?

This property features: Newly completed Walgreens small‑format drive‑thru prototype completed in June 2022; Fee simple interest offered with a new corporate lease with Walgreen Co.; Triple‑net lease with a firm, corporately‑guaranteed 10‑year initial term plus options