Showing posts with label Walgreens. Show all posts
Showing posts with label Walgreens. Show all posts

Monday, June 21, 2021

Want to buy a Walgreens in Rockville?


The building currently home to Walgreens at 430 Hungerford Drive in Rockville is for sale. Before you hear the asking price, you may want to have a seat. Buying this property will set you back a wallet-busting $10,650,000.

Rather than indicating that Walgreens is struggling, the selling point of the building is that the Walgreens is a successful, highly-desirable tenant. Walgreens has an absolute net lease with 7 years remaining on it, and rent escalations every five years. The drugstore opened in 2013; its 1970 building was previously home to the legendary Orange Ball Billiards and Cafe.

Another reason you'll have pay over $10 million, is the redevelopment potential of the site. You could practically throw a football and hit the Rockville Metro station from the property. Assemble additional parcels, and you would have a very profitable redevelopment opportunity, but a nice opportunity even by itself.

Thursday, November 21, 2019

Randolph Crossing Rite Aid becoming Walgreens

The Rite Aid store at 12222 Veirs Mill Road is being converted into a Walgreens. Walgreens acquired Rite Aid in 2015, and has taken three approaches to its stores: keep the Rite Aid brand, but convert the store's pharmacy into a Walgreens; convert the store into a full-blown Walgreens location; or close the store entirely.
Here we are getting an actual Walgreens. I'm still a Drug Fair man, the chain whose D.C.-area stores were acquired by Rite Aid in 1987. The more things change...






Friday, September 20, 2013

WALGREENS OPENS IN ROCKVILLE (PHOTOS)

Walgreens has opened on MD 355, at the former location of The Orange Ball in Rockville Town Center. The spacious new pharmacy is one of 2 new Walgreens expected to open in Rockville.

Friday, September 6, 2013

ROCKVILLE WALGREENS CONSTRUCTION UPDATE (PHOTOS)

Wow - a lot of progress at the future Walgreens drugstore, on the former site of the Orange Ball on Route 355 in Rockville Town Center.

Sunday, April 14, 2013

ROCKVILLE COULD LOSE ITS LAST BURGER KING (PHOTO)

A new development proposal could replace the Travilah Square Burger King with a Walgreens pharmacy.

The shopping center's owner is proposing to demolish the Burger King and a small office building, and build a 14,993 square foot Walgreens. A drive-thru pharmacy would be part of the structure.

All the rest of the shopping center will remain the same.

It's getting harder and harder to find a Whopper in Montgomery County these days!

A town center Walgreens is currently under construction on Rockville Pike, at the former site of the Orange Ball.

Here is the proposed design of the Travilah Square Walgreens:

Friday, February 22, 2013

WALGREENS UNDER CONSTRUCTION ON ROCKVILLE PIKE (PHOTOS)

The future Rockville Pike Walgreens is under construction a short walk from Rockville Town Square.

Formerly the site of the Orange Ball, the pharmacy will add a drive-thru in the future, when two roads are extended during the next phase of Rockville Town Center development.

Tuesday, January 29, 2013

WALGREENS COMING TO ROCKVILLE TOWN CENTER PHASE II

Walgreens is getting closer to opening at the former location of The Orange Ball on 355.  When Maryland and Dawson Avenues are extended in the future, Walgreens will lose about 40 surface parking spaces. At that time, the drug store will add a drive-thru pharmacy to the exterior, to address the reduction in parking spaces.

I'm not sure if that will be sufficient in practice, however, but I guess we'll just have to see how many spaces are used when it opens.

By my recollection, the neighboring Maxim Supermarket opposed the Dawson Avenue extension, for the same concerns about the loss of parking spaces for both businesses.

I am glad Walgreens is opening, though, and imagine it will be somewhat convenient for residents of The Fitz condominium nearby.