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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Walgreens located at 496 Ritchie Hwy, Suite 1, Severna Park, MD 21146. The 14,784 square foot property, built in 2009, sits on a 1.02-acre lot within a vibrant retail corridor boasting impressive traffic counts of 53,000 vehicles per day on Route 2 (Ritchie Highway). The property benefits from an absolute NNN lease with Walgreens, a highly creditworthy tenant, with a remaining lease term of approximately 4.6 years. … The lease commenced on May 8, 2009, and expires July 8, 2029, including 8 five-year renewal options. The current asking price is $10,489,188, representing a price per square foot of $709.50 and an attractive 8.75% cap rate based on a Net Operating Income (NOI) of $917,804. The property enjoys 100% occupancy and benefits from built-in rent bumps. This location is strategically positioned adjacent to a Giant-anchored shopping center, within the Baltimore MSA, and surrounded by exceptionally strong demographics. Within a one-mile radius, the average household income is $215,828, and the three-mile radius encompasses a population of 47,513. The retail market exhibits a low vacancy rate of only 2.1%. This is a rare opportunity to acquire a high-performing, net-leased Walgreens in a prime location with significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
7 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 14,482 SF
- Lot area
- 1.03 ac
- Year built
- 2009
- Stories
- 1
- APN
- 03-000-90014642
- Zoning
- C3
- Assessed value · 2023
- $3,450,367
- Annual tax · 2023
- $37,678
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
C3 - General Commercial Districts This District is generally intended for larger arterial strip commercial development and shopping centers that offer a wide range of commercial uses that serve a broad market area. These…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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