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Starbucks | 1st Location in the Region! 153 Newtowne Blvd 2,555 SF 4-Star Retail Building Pocomoke City, MD 21851 $3,919,604 CAD ($1,534.09 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW 10-YEAR LEASE WITH 10% INCREASES EVERY 5 YEARS
- SHADOW-ANCHORED BY LOWE’S AND WALMART SUPERCENTER
- 2.24+ ACRE LOT SIZE DESIGNED WITH POTENTIAL FOR GLA EXPANSION
EXECUTIVE SUMMARY
Starbucks | 10-Years Remaining | Region's First Starbucks | Value-Add Potential
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,555 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,919,604 CAD
Price Per SF
$1,534.09 CAD
Cap Rate
6%
NOI
$235,176 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.24 AC
Zoning
B-2 - B-2 zoning district generally permits a wide range of commercial and business activities.
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-043978 | Improvements Assessment | $1,065,804 CAD |
| Land Assessment | $288,373 CAD | Total Assessment | $1,354,177 CAD |
PROPERTY TAXES
Parcel Number
01-043978
Land Assessment
$288,373 CAD
Improvements Assessment
$1,065,804 CAD
Total Assessment
$1,354,177 CAD
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Starbucks | 1st Location in the Region! | 153 Newtowne Blvd
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