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7-ELEVEN 28490 Naylor Mill Rd 4,950 SF Retail Building Salisbury, MD 21801 $5,050,000 ($1,020.20/SF) 5.94% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporately guaranteed absolute net lease with no landlord obligations
- Located in a high-growth business park with active development
- Positioned along major highways connecting to Ocean City and Washington, D.C.
- 10% rental increases every five years and in each renewal option
- Signalized corner with dual ingress/egress and strong visibility
EXECUTIVE SUMMARY
Strategically located just off US-50 Ocean Gateway, the property benefits from high visibility and traffic counts exceeding 17,000 VPD along Ocean Gateway/US-50 BUS and 25,000 VPD on US-50. The site is surrounded by a mix of office, industrial, and retail developments, with multiple pads sold or under construction since 2020. Salisbury University, a major economic driver with over 7,100 students, is just four miles away, and the property is within 30 miles of Ocean City, MD—a tourism hub drawing 8 million annual visitors.
Salisbury’s strong demographics, including a projected 5-mile population of over 77,000 by 2028 and average household incomes nearing $79,000, further support the asset’s stability. As the largest city on Maryland’s Eastern Shore and a commercial anchor of the Delmarva Peninsula, Salisbury offers a robust employment base and connectivity via US-13 and US-50 to major cities like Washington, D.C. and Dover, DE.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Corner Lot
- Signage
- Accent Lighting
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 4,950 SF
- $55.13
- Triple Net
- Oct 2036
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 TYPE | LEASE END | |
|
|
Retailer | 4,950 SF | $55.13 | Triple Net | Oct 2036 |
PROPERTY TAXES
| Parcel Number | 09-094652 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,186,200 |
PROPERTY TAXES
CONTACTS
-
Darpan Patel -
James Defusto -
Dan Yozwiak -
Sam Elyassaki -
Peter Sibicky -
Marcus & Millichap
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7-ELEVEN | 28490 Naylor Mill Rd
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