11624 Ocean Gtwy - Retail FOR SALE
Ocean City, MD 21842 |
$6,465,000 USD
248-702-0288
11624 Ocean Gtwy
Ocean City, MD 21842
HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities | Just Under 11 Years Remaining
- 2021 Upgraded Construction | Equipped with 8-Fuel Dispensers, 16-Fuel Stations and an 1,000 SF State-of-the-Art Car Wash
- Corporate Guarantee | Investment Grade (S&P: "A")
- Qualifies for 100% Bonus Depreciation | Tax Incentive
- Strategic Location at Corner of Signalized Intersection Along US-50 (31,500+ VPD) | Primary East-West Thoroughfare Connecting Salisbury to Ocean City
- Strategic Positioning at Signaled Entrance to Walmart Supercenter and The Home Depot Anchored Power Center
FOR SALE DETAILS
PRICE
$6,465,000 USD
PRICE/SF
$1,508 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
10-010535
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248-702-0288
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248-702-0288
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