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Executive Summary

Accelerated Depreciation Benefits
Brand New Construction
15-yr Absolute NNN Lease
4-Five Year Options
10% Rental Increases Every 5 Years
Corporate Guaranteed by 7-Eleven, Inc. (Investment Grade Rating A)
Rent commenced May 1, 2024
30,611 Average Daily Traffic

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Building Size
4,505 SF
Building Class
C
Year Built
2024
Price
$10,968,637 CAD
Price Per SF
$2,434.77 CAD
Cap Rate
5.35%
NOI
$586,820 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.06
Lot Size
1.61 AC
Zoning
M1
Frontage
380’ on Ocean Gateway

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • 7-Eleven
  • Retailer
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
7-Eleven Retailer - - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Nearby Major Retailers

CrossFit
Village Inn

Property Taxes

Property Taxes

Parcel Number
05-106370
Land Assessment
$2,640,668 CAD
Improvements Assessment
$1,936,214 CAD
Total Assessment
$4,576,882 CAD
  • Listing ID: 32730875

  • Date on Market: 2024-08-08

  • Last Updated:

  • Address: 31997 Beaver Run Dr, Salisbury, MD 21804

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