1301 E State St | Delmar, MD 21875
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- LoopNet Team
1301 E State St
Delmar, MD 21875
Cash-Flowing Corp. Guaranteed NN Rite Aid · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- First year NOI is strong at just over $492,000.
- Rite Aid has been successfully operating at 1301 E State St since '05 & is a relocation of an established inline location Rite Aid occupied since ‘90.
- Located in an affluent area with a growing population in a one-mile (4,334), three-mile (10,879), and five-mile (25,757) radius through 2023.
- Rite Aid has five, five-year options to renew with rental increases with 3 years remaining on the Corporate Guaranteed lease.
- Surrounding area is a main retail corridor that includes national tenants like Advance Auto Parts, AutoZone, Food Lion, McDonald’s, Wawa, and more.
- Situated at the busy signalized intersection of Route 54 & Route 13 w/ over 35,000 vehicles passing by daily on the Maryland/Delaware border.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,564 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.75 AC
Parcel Number
11-028306
Zoning
C - Retail Trade
Parking
76 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
153’ on U.S. 13
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
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