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- LoopNet Team
1301 E State St
Delmar, MD 21875
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rite Aid has been successfully operating here since 2005 and is a relocation of an established inline location which Rite Aid occupied since 1990.
- Situated at the busy signalized intersection of Route 54 and Route 13 with over 35,000 vehicles passing by daily on the Maryland/Delaware border.
- Excellent visibility and three points of access, one on Route 13, one on Route 54 and one on Woodlawn Ave.
- Corporately guaranteed lease by Rite Aid rated CCC+ by Standard & Poor's.
- Strong population growth in the 1, 3 and 5 mile rings over the last 5 years which is projected to continue through 2023.
- Main retail corridor location with surrounding tenants including McDonald's, Food Lion, Wawa, PetValu, Verizon, Advance Auto Parts and Autozone.
PROPERTY FACTS
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
ABOUT 1301 E STATE ST , DELMAR, MD 21875
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Rite Aid property located on East State Street (Rt 54) in Delmar, Maryland. Rite Aid has been operating at this location since 2005 and has 7 years remaining in its initial lease term with five, five year options to renew. This double net lease offers minimal landlord responsibilities and is corporately guaranteed by Rite Aid, rated CCC+ by Standard & Poor's. This 14,564 square foot Rite Aid sits on a large 1.74 acre parcel with three points of access, which allows for numerous redevelopment opportunities in the future if necessary. The property is ideally situated at the busy signalized intersection of East State St (Rt 54) and Sussex Hwy (Rt 13). This is also a high traffic area as its located on the Maryland/Delaware border. Major surrounding tenants including Food Lion, Wawa, McDonald's, Verizon, PetValu and AutoZone to name a few. There are also numerous new commercial developments under construction and for/sale and lease along Sussex Highway, further proving the popularity of and draw to this area.
PROPERTY TAXES
| Parcel Number | 11-028306 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,793,800 |
PROPERTY TAXES
