3106 Solomons Is Rd, Edgewater, MD 21037-1701

This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy located at 3106 Solomons Island Road, Edgewater, Maryland 21037. The property sits on a 3.19-acre lot and is offered at $3,645,000, boasting a 9.00% cap rate. The property features a triple-net (NNN) lease with Walgreens, a highly creditworthy tenant, providing a secure and passive income stream. The lease commenced on April 28, 2006, and has a remaining term of approximately 6.4 years, expiring March 31, 2031. Ten renewal options of five years each are included, extending the lease potential to 2056. The current annual net operating income (NOI) is $328,000. Walgreens' corporate guarantee provides significant security for investors. Built in 2006, this property offers a stable, long-term investment with a strong tenant and a proven track record of success. The 100% occupancy rate further underscores the property's value and potential for continued growth. This is a rare opportunity to acquire a high-performing, net-leased Walgreens property in a desirable location. The property's strong financials and long-term lease make it an attractive investment for those seeking stable, passive income.