1301 E State St - Freestanding FOR SALE
Delmar, MD 21875 |
1301 E State St
Delmar, MD 21875
HIGHLIGHTS
- First year NOI is strong at just over $492,000.
- Rite Aid has five, five-year options to renew with rental increases with 3 years remaining on the Corporate Guaranteed lease.
- Rite Aid has been successfully operating at 1301 E State St since '05 & is a relocation of an established inline location Rite Aid occupied since ‘90.
- Surrounding area is a main retail corridor that includes national tenants like Advance Auto Parts, AutoZone, Food Lion, McDonald’s, Wawa, and more.
- Located in an affluent area with a growing population in a one-mile (4,334), three-mile (10,879), and five-mile (25,757) radius through 2023.
- Situated at the busy signalized intersection of Route 54 & Route 13 w/ over 35,000 vehicles passing by daily on the Maryland/Delaware border.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Cash-Flowing Corp. Guaranteed NN Rite Aid
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
14564
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
76
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
11-028306
