Walgreens NNN
For Sale
Contact for pricing
6300 CRAIN HWY, La Plata, MD 20646
Drugstore asset with a long remaining lease term and NNN structure.
Property Size14,742 SF
Price / SF$323.84
Days on Market118
Property Features for 6300 CRAIN HWY
General Information
Standard status
Active
Size
14,742 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$305,550
Additional Details
Cap Rate
6.4%
Building Details
Year Built
2008
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
David Hoppe · License #NC 288268
Source:
Crexi
Added: May 6
Changed: Aug 30
Last Checked: Aug 30 at 11:10PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This NNN property contains 14,742 square feet and was built in 2008. The asset is associated with a Walgreens drugstore operation and is positioned as a single-purpose retail investment in La Plata, Maryland.
The lease has more than 13 years remaining, providing a defined occupancy horizon for the property. Financial performance is represented by a 6.40% cap rate. The property is located at 6300 Crain Highway in the Washington, DC MSA.
The lease has more than 13 years remaining, providing a defined occupancy horizon for the property. Financial performance is represented by a 6.40% cap rate. The property is located at 6300 Crain Highway in the Washington, DC MSA.
Key Highlights
- 14,742‑square‑foot NNN drugstore property
- Walgreens occupancy
- 6.40% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$282,854
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,657,080
$5.7M
Cap Rate 7%
$4,040,771
$4.0M
Cap Rate 9%
$3,142,822
$3.1M
Market Conditions
NOI Build-Up for 14,742 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$394.5K $26.76/SF
− Vacancy
−$17.4K −$1.18/SF
EGI
$377.1K $25.58/SF
− OpEx
−$94.3K −$6.40/SF
NOI
$282.9K $19.19/SF
Area
Charles County, MD
Vacancy
4.40%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,657,080
Cap Rate 7%
$4,040,771
Cap Rate 9%
$3,142,822
Alternative Uses
Best Use
Specialty Retail
$4.04M
$3.54M – $4.71M
NOI $282,854 @ 7.0% cap · market cap 5.92%
Second Best
Retail
$2.39M
$2.09M – $2.79M
NOI $167,174 @ 7.0% cap · market cap 3.50%
Theoretical Best
Multifamily LT 5
$207.00M
$181.13M – $241.50M
NOI $14,490,054 @ 7.0% cap · market cap 303.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
273k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 24%
Shops & Services 23%
Groceries 16%
Target
Superstores
64,800 visits/mo
0.2 miles
Safeway
Groceries
43,375 visits/mo
0.3 miles
McDonald's
Dining
24,491 visits/mo
0.1 miles
Panera Bread
Dining
19,790 visits/mo
0.4 miles
Shell
Shops & Services
17,995 visits/mo
0.1 miles
Demographics for 20646, MD
20,411
Population
8,263
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
95%
High-School Grad
79.8 sq mi
ZIP Area
256
Density / Sq Mi
$130,008
Median Household Income
$62,409
Median Earnings
$1,486
Median Rent
$435,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Drugstore asset with a long remaining lease term and NNN structure.
Where is this nnn property located?
The property is located at 6300 CRAIN HWY La Plata, MD.
What is the asking price?
The asking price for this property is $4,774,000.
What are key features of this property?
This property features: 14,742‑square‑foot NNN drugstore property; Walgreens occupancy; 6.40% cap rate
