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153 Newtowne Blvd
Pocomoke City, MD 21851
Starbucks | 1st Location in the Region! · Retail Property For Sale
Investment Highlights
- NEW 10-YEAR LEASE WITH 10% INCREASES EVERY 5 YEARS
- SHADOW-ANCHORED BY LOWE’S AND WALMART SUPERCENTER
- 2.24+ ACRE LOT SIZE DESIGNED WITH POTENTIAL FOR GLA EXPANSION
Executive Summary
Starbucks | 10-Years Remaining | Region's First Starbucks | Value-Add Potential
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,555 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$2,833,333
Price Per SF
$1,108.94
Cap Rate
6%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.24 AC
Zoning
B-2 - B-2 zoning district generally permits a wide range of commercial and business activities.
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 01-043978 | Improvements Assessment | $762,100 |
| Land Assessment | $206,200 | Total Assessment | $968,300 |
Property Taxes
Parcel Number
01-043978
Land Assessment
$206,200
Improvements Assessment
$762,100
Total Assessment
$968,300
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