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Newly Built 7-Eleven gas station/c-store 31997 Beaver Run Dr 4,505 SF 100% Leased Retail Building Salisbury, MD 21804 $8,008,000 ($1,777.58/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
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 Condition
Build to Suit
Property Type
Retail
Building Size
4,505 SF
Building Class
C
Year Built
2024
Price
$8,008,000
Price Per SF
$1,777.58
Cap Rate
5.35%
NOI
$428,426
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
1.61 AC
Zoning
M1
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 7-Eleven
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 7-Eleven | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-106370 | Improvements Assessment | $1,405,600 |
| Land Assessment | $1,917,000 | Total Assessment | $3,322,600 |
PROPERTY TAXES
Parcel Number
05-106370
Land Assessment
$1,917,000
Improvements Assessment
$1,405,600
Total Assessment
$3,322,600
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Newly Built 7-Eleven gas station/c-store | 31997 Beaver Run Dr
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