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🏢 Just listed — Pharmacy/Drug Retail for sale in Parkville, MD.

📍 9616 Harford Rd, Parkville, MD
🏷  Pharmacy/Drug Retail · For Sale
💰 $5.10M
📈 6.25% cap

Retail | 6.25% CAP | 14,430 SqFt

<p><strong><u>CORPORATELY GUARANTEED, LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE</u></strong></p><ul><li>Walgreens executed a brand new, long-term 15-year lease in February of 2024, displaying their long-term commitment to the market</li><li>Abs

Full financials, photos, and broker contact:
https://commrty.com/property/maryland/parkville/walgreens-long-term-lease-recent-renewal-baltimore-msa-2561286-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=walgreens-long-term-lease-recent-renewal-baltimore-msa-2561286

#Parkville #Retail #CommercialRealEstate #CRE #Investment

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Home/MD/Parkville

9616 Harford Rd

Parkville, MD 21234

Asking Price

$5.10M

Cap Rate

6.25%

Asset Type

Pharmacy/Drug Retail

Class

Class B

What's Special

Retail | 6.25% CAP | 14,430 SqFt CORPORATELY GUARANTEED, LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE<ul><li>Walgreens executed a brand new, long-term 15-year lease in February of 2024, displaying their long-term commitment to the market</li><li>Absolute Triple Net (NNN) Lease with no landlord responsibilities; tenant is responsible for all expenses and maintenance/management of the real estate offering a true hands-off investment opportunity</li><li>Walgreens was acquired by Sycamore Partners, a

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

1.57%

DSCR

0.26

Underwater

Cash-on-Cash

-14.56%

Monthly Payment

$25,234.392

Annual Cash Flow

$-222,812.705

Location & Travel Times

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