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11624 Ocean Gtwy
Ocean City, MD 21842
7-Eleven · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities | Just Under 11 Years Remaining
- Corporate Guarantee | Investment Grade (S&P: "A")
- Strategic Location at Corner of Signalized Intersection Along US-50 (31,500+ VPD) | Primary East-West Thoroughfare Connecting Salisbury to Ocean City
- 2021 Upgraded Construction | Equipped with 8-Fuel Dispensers, 16-Fuel Stations and an 1,000 SF State-of-the-Art Car Wash
- Qualifies for 100% Bonus Depreciation | Tax Incentive
- Strategic Positioning at Signaled Entrance to Walmart Supercenter and The Home Depot Anchored Power Center
EXECUTIVE SUMMARY
Absolute Net Lease | Zero Landlord Responsibilities | Just Under 11 Years Remaining
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
4,288 SF
Year Built
2021
Price
$9,024,623 CAD
Price Per SF
$2,104.62 CAD
Cap Rate
5.15%
NOI
$464,971 CAD
Percent Leased
100%
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 10-010535 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $8,574,439 CAD |
PROPERTY TAXES
Parcel Number
10-010535
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,574,439 CAD
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