9110 Liberty RdRandallstown, MD 21133

Property Details for 9110 Liberty Rd

Year built

2001

Construction

BRICK

Lot size

2.26 AC

Property size (Sq ft)

14,378 SF

Property type

Retail space

APN

02-2300011587

APU

22300011587

Description

This exceptional investment opportunity presents a 14,448-square-foot Walgreens pharmacy in Randallstown, Maryland, boasting a strong 6.20% cap rate and a substantial net operating income (NOI) of $333,270. The property, built in 2001 and situated on a 2.26-acre lot, benefits from a long-term NNN lease with Walgreens expiring November 30, 2038, providing approximately 14 years of remaining lease term. The lease includes twelve 5-year renewal options with a 5% rent increase every five years and in each option period. This strategically located property enjoys excellent visibility and accessibility along Liberty Road (22,173 vehicles per day), near the intersection with Offutt Road (7,674 VPD), and approximately 3.3 miles from Interstate 695 (199,882 VPD). Its proximity to other major retailers, including 7-Eleven, Advance Auto Parts, and the Randallstown Plaza Shopping Center, further enhances its appeal. The property's location within Randallstown's primary retail and commercial corridor, surrounded by a significant student population and close to Northwest Hospital, contributes to its strong tenant base and consistent cash flow. The property is part of the Baltimore-Columbia-Towson, MD MSA, a large metropolitan area with a diverse economy and strong employment base. This presents a compelling investment opportunity with significant long-term potential. The asking price is $5,375,323, translating to a price per square foot of $372.05.

• CAP approach

  CAP return

  Valuation

  6%

  $3,211,082

  6.5%

  $2,964,076

  7%

  $2,752,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,279,390

  Geo Method

  $2,279,390

• Alternative Use

  Use

  Valuation

  Residential

  $2,500,309

  Hospitality

  $2,290,270

  Educational

  $1,905,477

  Medical

  $1,971,010

  Retail

  $2,964,076

Location Insight

City

Randallstown

County

Baltimore

State

Maryland

Latitude

39.3701

Longitude

-76.7999

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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