9% Cap rate proforma-Former Rite Aid, Sale | 1301 E State St
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9% Cap rate proforma-Former Rite Aid, Sale 1301 E State St
14,564 SF Retail Building Delmar, MD 21875 $5,352,050 CAD ($367 CAD/SF)
INVESTMENT HIGHLIGHTS
- Signalized corner
- Located within a dense retail corridor
- Can be built out with up to three units
EXECUTIVE SUMMARY
The Sparks Agency, LLC is Pleased to this Prime Retail/Medical East Coast Property New Construction property located on East State Street (Rt 54) in Delmar, Maryland. This 14,564 square foot Retail/Medical East Coast Property sits on a large 1.74 acre parcel with three points of access, which allows for numerous redevelopment opportunities in the future if necessary. The property is ideally situated at the busy signalized intersection of East State St (Rt 54) and Sussex Hwy (Rt 13) with over 45,000 vehicles traveling by daily. This is also a high traffic area as its located on the Maryland/Delaware border. Major surrounding tenants including Food Lion, Wawa, McDonald's, Verizon, PetValu and AutoZone to name a few. There are 4,101 people within 1 mile, 10,215 people within 3 miles and 24,132 people within 5 miles. The area has seen home construction and a population growth of 0.94% over the last 5 years which is projected to continue to increase another 1.11% through 2024. There are also numerous new commercial developments under construction and for/sale and lease along Sussex Highway, further proving the popularity of and draw to this area.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
14,564 SF
Building Class
B
Year Built
2005
Price
$5,352,050 CAD
Price Per SF
$367 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.75 AC
Zoning
C - Retail Trade
Parking
76 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
153 ft on U.S. 13
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Excellent Condition with Pharmacy Build Out.
- 1st Floor
- 7,282 SF
- Office/Medical
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 7,282 SF | Office/Medical | - | Now |
| 1st Floor | 7,282 SF | Office/Medical | End Cap | Now |
1st Floor
| Size |
| 7,282 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 7,282 SF |
| Space Use |
| Office/Medical |
| Position |
| End Cap |
| Available |
| Now |
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 7,282 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
Excellent Condition with Pharmacy Build Out.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-028306 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $6,452,903 CAD |
PROPERTY TAXES
Parcel Number
11-028306
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$6,452,903 CAD
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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9% Cap rate proforma-Former Rite Aid, Sale | 1301 E State St
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