Auto Service - Gas-Conv
7-ELEVEN
28490 Naylor Mill Rd, Salisbury, MD 21801
Listing Price: $5,275,000
Cap Rate
5.17%
Tenant Name
7 Eleven
Years Remaining On Lease
1.4
Guarantor
Corporate Guarantee
Rentable SF
4,950
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.13
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for 7-Eleven in Salisbury, MD.
7-ELEVEN
Investment Highlights
- 2020 Build to Suit for 7-Eleven | Store Includes Gas Station With Separate Diesel Pumps and Full Convenience Store | 4,950-SF Building on a +/-3.34 Acre Parcel
- New 15-Year Absolute Net Lease With 11+ Yrs Remaining and No Landlord Responsibilities | 10% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options | Corporately Guaranteed Lease
- Located Within Westwood Commerce Park, a 16-Acre Multi-Phase Business Development Along US-50 With Retail, Office, Flex, and Warehouse Projects
- Heavy Development In the Area: Westwood Commerce Park Has Multiple Lots Sold, Under Construction or Completed Since 2020 | High Visibility With Lighted Pylon Sign Along Ocean Gateway/US-50 BUS With 17,000+ Vehicles Per Day
- Hard, Signalized Corner Location With Easy Access From US-50 Exit and Two Points of Ingress and Egress | Just Off of US-50 Ocean Gateway, a Major Highway Connecting Washington D.C. to Ocean City, Maryland: 25,000+ VPD
- Strong Demographics: Population 76,200+ Within 5 Miles and is Projected to Increase by 2028 | 4 Miles From Salisbury University, a Public University With 7,100+ Students and a Major Economic Driver in the Area
- Salisbury is 30 Miles from Ocean City, Maryland, a Popular Vacation Destination Seeing 8 Million Annual Visitors and 100 Miles From Washington, D.C
- Located in the Delmarva Peninsula a Major Tourism Corridor With Beaches at Rehoboth Beach, Delaware, Ocean City, Maryland and the Assateague Island National Seashore
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $5,275,000
Cap Rate
5.17%
Tenant Name
7 Eleven
Years Remaining On Lease
1.4
Guarantor
Corporate Guarantee
Rentable SF
4,950
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.13
Investment Highlights
- 2020 Build to Suit for 7-Eleven | Store Includes Gas Station With Separate Diesel Pumps and Full Convenience Store | 4,950-SF Building on a +/-3.34 Acre Parcel
- New 15-Year Absolute Net Lease With 11+ Yrs Remaining and No Landlord Responsibilities | 10% Rental Increases Every 5 Years and in Each of Three, 5 Year Renewal Options | Corporately Guaranteed Lease
- Located Within Westwood Commerce Park, a 16-Acre Multi-Phase Business Development Along US-50 With Retail, Office, Flex, and Warehouse Projects
- Heavy Development In the Area: Westwood Commerce Park Has Multiple Lots Sold, Under Construction or Completed Since 2020 | High Visibility With Lighted Pylon Sign Along Ocean Gateway/US-50 BUS With 17,000+ Vehicles Per Day
- Hard, Signalized Corner Location With Easy Access From US-50 Exit and Two Points of Ingress and Egress | Just Off of US-50 Ocean Gateway, a Major Highway Connecting Washington D.C. to Ocean City, Maryland: 25,000+ VPD
- Strong Demographics: Population 76,200+ Within 5 Miles and is Projected to Increase by 2028 | 4 Miles From Salisbury University, a Public University With 7,100+ Students and a Major Economic Driver in the Area
- Salisbury is 30 Miles from Ocean City, Maryland, a Popular Vacation Destination Seeing 8 Million Annual Visitors and 100 Miles From Washington, D.C
- Located in the Delmarva Peninsula a Major Tourism Corridor With Beaches at Rehoboth Beach, Delaware, Ocean City, Maryland and the Assateague Island National Seashore
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for 7-Eleven in Salisbury, MD.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Financing By
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