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.