Ocean Gateway & Holly Grove Rd | Berlin, MD 21811
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Ocean Gateway & Holly Grove Rd
Berlin, MD 21811
7-Eleven · Retail Property For Sale
Investment Highlights
- New 15-year lease, corporately guaranteed
- 10% rental escalations every five years and in each of the three 5-year renewal options
- 7-Eleven is an investment grade rated tenant (S&P: AA-)
- New construction (2021) scheduled to open in April 2021
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
2,700 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.31 AC
Zoning
C2
Parking
15 Spaces
Frontage
392 FT on U.S. 50
PROPERTY TAXES
| Parcel Number | 10-010535 | Improvements Assessment | $4,349,700 |
| Land Assessment | $1,695,300 | Total Assessment | $6,045,000 |
PROPERTY TAXES
Parcel Number
10-010535
Land Assessment
$1,695,300
Improvements Assessment
$4,349,700
Total Assessment
$6,045,000
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