NNN Walgreens Drugstore with
8174 Ocean Gateway Easton, MD 21601
New
For Sale
$7,071,428
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 Market3
Property Features for 8174 Ocean Gateway
General Information
- Standard status
- Active
- Size
- 14,469 SF
- Property subtype
- Drug Store
Listing Agency:
Marcus & Millichap - Washington, D.C.
(202) 536-3754
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 4:37AM
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
Location Intelligence
Current Use by Public Records
David L. Craft, ...
Physician
Redbox
Cinema
Walgreens
Pharmacy
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Similar Off Market Nearby
- Aphena Pharma Solutions — 7978 Industrial Park Rd, Easton, MD 21601
- Walgreens Pharmacy — 8174 Ocean Gateway, Easton, MD 21601
- Monica Pogue — 8174 Ocean Gateway, Easton, MD 216017144
- Minh Vo — 8174 Ocean Gateway, Easton, MD 216017144
- COVID-19 Drive-Thru Testing at Walgreens — 8174 Ocean Gateway, Easton, MD 21601
FAQs
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)
