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INVESTMENT HIGHLIGHTS
- Long-term lease with regional automotive tenant
- Scheduled rent increase boosts future income
- Strong local demographics support retail demand
- Double net structure with minimal landlord obligations
- Surrounded by national retailers in a high-traffic corridor
- Zoned I-1, ideal for automotive or service use
EXECUTIVE SUMMARY
Positioned along the high-visibility Sunburst Highway corridor in Cambridge, Maryland, this 5,100 SF automotive retail facility offers investors a stable, long-term income stream backed by a regional tenant with strong market presence. Currently leased to Point S Bay Tire—a well-established chain with 11 locations across Baltimore and the Eastern Shore—the property benefits from a double net lease structure with the landlord responsible only for roof and structural components. The lease runs through March 2033, with a scheduled rent increase in April 2028, enhancing future returns. Zoned I-1 and built in 1988, the building is ideally suited for automotive use and sits within a dense retail trade area anchored by national brands such as AutoZone, Dunkin’, ALDI, and Walgreens. With an asking price of $990,000 and a 7.9% cap rate, this asset presents a compelling opportunity for investors seeking predictable cash flow and a strategic location in a growing market. The surrounding demographics support retail success, with over 17,000 residents within a five-mile radius and average household incomes exceeding $83,000. This property combines tenant stability, location strength, and income growth potential in one of Dorchester County’s most active commercial corridors.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,100 SF
Building Class
B
Year Built
1988
Price
$990,000
Price Per SF
$194.12
Cap Rate
7.90%
NOI
$78,210
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
I1 - light industrial uses
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-116446 | Improvements Assessment | $323,100 |
| Land Assessment | $262,900 | Total Assessment | $586,000 |
PROPERTY TAXES
Parcel Number
07-116446
Land Assessment
$262,900
Improvements Assessment
$323,100
Total Assessment
$586,000
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401 Sunburst Hwy
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