6700 Ritchie HwyGlen Burnie, MD 21061

This exceptional investment opportunity presents a 14,490 square foot Walgreens located at 6700 Ritchie Hwy, Glen Burnie, MD 21061. The property sits on a 2.21-acre lot and is currently operating at 100% occupancy. The offering includes a triple net (NNN) lease with a corporate guarantee from Walgreens, one of the nation's largest drugstore chains. The lease commenced on July 23, 2005, and has a remaining term of approximately 5.7 years, expiring July 30, 2030. Ten 5-year renewal options are included, providing significant long-term income potential. The current annual net operating income (NOI) is $228,000, representing a 9.00% cap rate on the asking price of $2,533,333. Built in 2005, this property offers a secure, passive income stream with minimal landlord responsibilities. The property's strong tenant, long-term lease, and attractive cap rate make it an ideal addition to any investment portfolio. The Walgreens lease includes the responsibility for ground rent, ensuring a consistent revenue stream for the investor. This is a rare opportunity to acquire a high-performing, well-located Walgreens property with substantial future growth potential.