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18-YR INITIAL TERM 7-Eleven 212 Lake St

5,000 SF Retail Building Salisbury, MD 21801 $9,216,739 CAD ($1,843 CAD/SF) 5% Cap Rate

Retail Space Maryland Salisbury 212 Lake St, Salisbury, MD 21801

Executive Summary

RARE 18-yr Absolute NNN Lease
INCLUDES ROOST CHICKEN & CAR WASH
4-Five Year Options
10% Rental Increases Every 5 Years
Brand New Construction with Accelerated Depreciation Benefits
Corporate Guaranteed by 7-Eleven, Inc. (Investment Grade Rating A)
Rent Commencement February 2024
Site includes gas & car wash
26,151 Average Daily Traffic

Attachments

Salisbury_7-Eleven_OM

Property Facts Under Contract

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Year Built
2024
Price
$9,216,739 CAD
Price Per SF
$1,843 CAD
Cap Rate
5%
NOI
$460,837 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.11 AC
Zoning
Commercial - Commercial
Frontage
221 ft on US Route 50

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • 7-Eleven
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
7-Eleven - - - -
1 of 1

Nearby Major Retailers

Truist
Powerhouse Gym
PNC Bank
Rent-A-Center
Food Lion
ACME
Checkers

PROPERTY TAXES

Parcel Number 09-052364 Improvements Assessment $145,911 CAD
Land Assessment $284,426 CAD Total Assessment $430,337 CAD

PROPERTY TAXES

Parcel Number
09-052364
Land Assessment
$284,426 CAD
Improvements Assessment
$145,911 CAD
Total Assessment
$430,337 CAD
(412) 225-7518

Contact

  • Listing ID: 31202542

  • Date on Market: 2024-03-13

  • Last Updated:

  • Address: 212 Lake St, Salisbury, MD 21801

The Retail Property at 212 Lake St, Salisbury, MD 21801 is currently available for sale. Contact PennTex Ventures for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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18-YR INITIAL TERM 7-Eleven | 212 Lake St
(412) 225-7518 x

18-YR INITIAL TERM 7-Eleven | 212 Lake St

Brendan Eisenbrandt

(412) 225-7518

(412) 225-7518

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