28490 Naylor Mill Rd - Service Station FOR SALE


Salisbury, MD 21801
$5,050,000 USD
513-325-8682
28490 Naylor Mill Rd, Salisbury, MD for Sale
$5,050,000 USD
Service Station - FOR SALE
1/6
null | 5.94% Cap Rate

28490 Naylor Mill Rd
Salisbury, MD 21801


HIGHLIGHTS

  • Corporately guaranteed absolute net lease with no landlord obligations
  • 10% rental increases every five years and in each renewal option
  • Located in a high-growth business park with active development
  • Signalized corner with dual ingress/egress and strong visibility
  • Positioned along major highways connecting to Ocean City and Washington, D.C.

OVERVIEW

Positioned at a signalized corner within Salisbury’s Westwood Commerce Park, this 2020-built 7-Eleven offers a rare opportunity to acquire a corporately guaranteed, absolute net lease investment with no landlord responsibilities. The ±4,950 SF convenience store and fueling station sits on a ±3.34-acre parcel and includes separate diesel pumps, enhancing its appeal to both commuter and commercial traffic. The lease features 11 years remaining on the initial term, with 10% rental escalations every five years and three five-year renewal options, ensuring long-term income growth. Strategically located just off US-50 Ocean Gateway, the property benefits from high visibility and traffic counts exceeding 17,000 VPD along Ocean Gateway/US-50 BUS and 25,000 VPD on US-50. The site is surrounded by a mix of office, industrial, and retail developments, with multiple pads sold or under construction since 2020. Salisbury University, a major economic driver with over 7,100 students, is just four miles away, and the property is within 30 miles of Ocean City, MD—a tourism hub drawing 8 million annual visitors. Salisbury’s strong demographics, including a projected 5-mile population of over 77,000 by 2028 and average household incomes nearing $79,000, further support the asset’s stability. As the largest city on Maryland’s Eastern Shore and a commercial anchor of the Delmarva Peninsula, Salisbury offers a robust employment base and connectivity via US-13 and US-50 to major cities like Washington, D.C. and Dover, DE.

FOR SALE DETAILS

PRICE

$5,050,000 USD

PRICE/SF

$1,020 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-ELEVEN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.34 AC

LAND SF

145,490 SF

ZONING

LI

APN/PARCEL ID

09-094652

ASK ABOUT THIS PROPERTY

Darpan PatelMarcus & MillichapMore Info
513-325-8682

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Darpan PatelMarcus & MillichapMore Info
513-325-8682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.