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 Market163
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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
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: May 6
Changed: Oct 12
Last Checked: Oct 14 at 7:54PM
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 / Yr
$282,854
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
