7953 Crain S Hwy Glen Burnie, MD 21061-4934
Property profile & analytics
7953 Crain S Hwy Glen Burnie, MD 21061-4934
- Outlet malls
- 14,014 SF
- 1.15 lot acres
Property ID
US40-0668289
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- SemaConnect Charging Station / Electric Vehicle Charging Station
- Cardtronics ATM / Atm
- FedEx OnSite / Postal Service / Courier Service
- Anthony Roane, RPH / Pharmacy
Property Details for 7953 Crain S Hwy
- Year built
- 2004
- Lot size
- 1.15 lot acres
- Property size
- 14,014 SF
- Zone code
- C1A
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 03-000-00788810
- APU
- 300000788810
Description
This exceptional investment opportunity presents a single-tenant, absolute NNN leased Walgreens pharmacy located at 7953 Crain Hwy S, Glen Burnie, MD 21061, within the Baltimore Metropolitan Statistical Area. The property, built in 2004, encompasses 13,650 square feet on a 1.15-acre lot and features a drive-thru. The Class A building is currently 100% occupied under a lease with Walgreens, the second-largest pharmacy chain in the United States, operating approximately 8,700 locations. The lease commenced June 1, 2004, and has a remaining term of approximately 4.8 years, with ten 5-year renewal options. The current lease expiration date is August 31, 2029. The property boasts a strong NOI of $414,999, resulting in an attractive 8.50% cap rate and a price per square foot of $357.68. The asking price for this exceptional net lease investment is $4,882,352. This is a rare opportunity to acquire a high-performing, low-maintenance investment property anchored by a credit-rated tenant in a densely populated and commercially active area. The property's strategic location on heavily trafficked Crain Highway ensures high visibility and accessibility. This investment offers a secure and stable income stream with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,805,000 Current use
- RESTAURANT
- $6,810,000 Change: +17% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,960,000 Change: +3% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $5,870,000 Change: +1% Conversion: Difficult
- MEDICAL BUILDING
- $5,130,000 Change: -12% Conversion: Difficult
- WAREHOUSE, STORAGE
- $4,675,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Glen Burnie
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.636
- Latitude
- 39.133
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,064
$0.00
$0.00
$3,485,700
-
$862,500
$2,780,400
$3,642,900
