Triple-Net CVS Ground
For Sale
Contact for pricing
17651 Redland Rd, Derwood, MD 20855
CVS retail building on a long-term 25-year triple-net ground lease with 21 years remaining.
Property Size12,800 SF
Lot Size1.22 Acres
Days on Market121
Property Features for 17651 Redland Rd
General Information
Standard status
Active
Size
12,800 SF
Lot size
1.22 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 2:55AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This CVS property is offered as an investment through a 25-year triple-net (NNN) ground lease. The lease commenced February 14, 2018 and has 21 years remaining. The site includes approximately 12,800 rentable square feet of building space on about a 1.22-acre parcel.
The property is located at 17651 Redland Road in Derwood, Maryland. The current annual rent is $280,000, with scheduled increases of 12% in the first option period and 10% in each of the remaining option periods.
The offering is structured around the existing ground lease, providing a long-duration NNN cash flow profile for qualified investors seeking a retail pharmacy asset.
The property is located at 17651 Redland Road in Derwood, Maryland. The current annual rent is $280,000, with scheduled increases of 12% in the first option period and 10% in each of the remaining option periods.
The offering is structured around the existing ground lease, providing a long-duration NNN cash flow profile for qualified investors seeking a retail pharmacy asset.
Key Highlights
- CVS retail property at 17651 Redland Road, Derwood, MD
- Approximately 12,800 rentable SF building on an estimated 1.22‑acre parcel
- 25‑year triple‑net (NNN) ground lease commenced February 14, 2018, with 21 years remaining
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 20855, MD
17,003
Population
6,141
Households
2.8
Avg Household Size
41
Median Age
68%
College-Educated
96%
High-School Grad
13.1 sq mi
ZIP Area
1,298
Density / Sq Mi
$147,708
Median Household Income
$72,538
Median Earnings
$2,405
Median Rent
$614,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - CVS retail building on a long-term 25-year triple-net ground lease with 21 years remaining.
Where is this nnn property located?
The property is located at 17651 Redland Rd Derwood, MD.
What are key features of this property?
This property features: CVS retail property at 17651 Redland Road, Derwood, MD; Approximately 12,800 rentable SF building on an estimated 1.22‑acre parcel; 25‑year triple‑net (NNN) ground lease commenced February 14, 2018, with 21 years remaining
