5740 Ritchie Highway - Walgreens

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Location

5740 Ritchie Highway, Brooklyn Park, MD 21225

Directions

Highlights

Investment Highlights:

  • Corporate Guaranteed Lease by Walgreens (NASDAQ: WAG)
  • Investment Grade Credit Tenant, Rated BBB- by S&P
  • Triple-Net Lease with Zero Landlord Responsibilities
  • Solid Performing Store with Increasing Store Sales Over Last 3 Years
  • Positioned at Signalized Intersection of Ritchie Hwy and Hammond Lane with Nearly 50,000 VPD Combined
  • Outparcel to Ritchie Highway Shopping Center & Woodfall Greens, a 245 Unit Multi-Family Development
  • Above Average Demographics with a Population of Nearly 12,000 Within a 1-Mile Radius and Average Household Income of Exceeding $97,000 Within a 1-Mile Radius
  • Located Six Miles from Downtown Baltimore
  • Rare Anne Arundel County (Baltimore MSA) Corporate Single Tenant Offering

Demographics

Distance 1 Mile3 Mile5 Mile
Population 11,84884,382199,465
Daytime Population 9,24585,683300,146
Households 4,12231,09281,136
Avg. Household Income $97,054$85,596$112,450
Distance
Population
1 Mile
11,848
3 Mile
84,382
5 Mile
199,465
Distance
Daytime Population
1 Mile MILES
9,245
3 Mile MILES
85,683
5 Mile MILES
300,146
Distance
Households
1 Mile MILES
4,122
3 Mile MILES
31,092
5 Mile MILES
81,136
Distance
Avg. Household Income
1 Mile MILES
$97,054
3 Mile MILES
$85,596
5 Mile MILES
$112,450

Christopher Burnham

cburnham@klnb.com

P:  443-632-2044

100 West Road, Suite 505, Baltimore, MD 21204

Christopher Burnham