loader
Join Free
Views: 31 DOM: 38 Updated: 10.23.24 Posted: 10.08.24 Status: Active

Summary

Price $8,008,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,505
Lease Start 05-01-2024
#Units 83,282
Price/SF $1,777.58
Expiration 04-30-2039
Tenant Type Convenience/Gas
NOI $428,426
R. Term 14.5
Ownership Fee Simple
Rent/SF $95.10
Increases 10.0%/5/yrs
Pop 5Mi 42,009
Lot/AC 2.67
Options 4/5yrs/10%
AHHI 5Mi $84,819

Lease Highlights

  • Brand new 2024 construction
  • 7-Eleven has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located on Beaver Run Drive, with access to 30,611 vehicles passing by daily. The property is ideally situated within 30 minutes of key educational institutions including Beaver Run Elementary School, The Salisbury School, Wor-Wic Community College, and Salisbury University. Nearby shopping centers include Salisbury Plaza Shopping Center, Waverly Shopping Center, The...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 737 9,176 39,378
2023 Total Population : 757 8,706 37,829
2023 Employed Civilian Pop : 401 4,428 19,462
2023 Total Businesses : 90 366 1,749
2023 Average Household Income : $ 80,783 $ 84,394 $ 80,701
2023 Total Consumer Spending : $ 20 M $ 266 M $ 1069 M
2023 Median Age : 43 44 38
2023 Total Households : 296 3,676 15,310
2023 Pop Age 25+: Bachelor's Degree : 54 963 4,103
2023 Average Home Value : $ 438,889 $ 309,126 $ 350,057
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Walston Switch Road Campus Dr 2020 3,272 0.52 mi
Old Ocean City Road 2017 3,631 0.64 mi
Old Ocean City Road 2017 5,401 0.66 mi
Old Ocean City Road Tilghman Dr 2018 3,602 0.67 mi
Walston Switch Road 2017 3,152 0.90 mi
US 50 2020 32,863 0.99 mi
John Deere Drive Hobbs Rd 2020 1,401 1.08 mi
Hobbs Rd 2020 6,085 1.24 mi
Hobbs Road Winterplace Pkwy 2018 7,284 1.29 mi
Hobbs Road 2017 7,343 1.34 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity