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31997 Beaver Run Dr

4,505 SF Retail Building Salisbury, MD 21804 $8,008,000 ($1,778/SF) 5.35% Cap Rate

Executive Summary

Accelerated Depreciation Benefits
Brand New Construction
15-yr Absolute NNN Lease
4-Five Year Options
10% Rental Increases Every 5 Years
Corporate Guaranteed by 7-Eleven, Inc. (Investment Grade Rating A)
Rent commenced May 1, 2024
30,611 Average Daily Traffic

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
4,505 SF
Building Class
C
Year Built
2024
Price
$8,008,000
Price Per SF
$1,778
Cap Rate
5.35%
NOI
$428,426
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.67 AC
Zoning
Commercial
Frontage
335 FT on Route 50

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

Nearby Major Retailers

CrossFit
Village Inn

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-106370
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,760,500
  • Listing ID: 32730875

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 31997 Beaver Run Dr, Salisbury, MD 21804

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