Building Details

Year Built 2006

Listing Agency: Rinnier Development Co b***@rinnier.com Show Phone

Listed By: William Rinnier · License #514904 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Jul 10 Last Checked: Aug 21 at 8:42AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rinnier Development Co

Investment Insights

Based on property information with market context.

The former Rite Aid is situated within the Penington Commons Shopping Center, anchored by Food Lion. This outparcel benefits from high traffic volume and is positioned at the signalized intersection of Route 589 and Manklin Creek, near the south gate of Ocean Pines. The location is suitable for retail purposes, characterized by strong traffic patterns and a diverse mix of tenants. The lease rate is $26 per square foot.

Key Highlights

• Heavily trafficked outparcel location.
• Located at the signalized intersection of Rt 589 & Manklin Creek.
• Anchored by Food Lion in Penington Commons Shopping Center.

Property Analytics

Property Profile

Current Use

Drug stores

Suggested Use

Top Pick Hair Salon Nail Salon Auto Repair Shop Law Firm Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

393

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 21811, MD

23,907

Population

15,439

Households

1.5

Avg Household Size

52

Median Age

36%

College-Educated

94%

High-School Grad

101.5 sq mi

ZIP Area

236

Density / Sq Mi

$91,293

Median Household Income

$49,929

Median Earnings

$1,398

Median Rent

$362,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Lee Ahlstrom, RPH — 11307 Manklin Creek Rd, Berlin, MD 21811
• Rite Aid Pharmacy — 11011 Manklin Creek Rd, Berlin, MD 21811
• Jeffrey D. Kukel, Pharm — 11011 Manklin Creek Rd, Berlin, MD 21811
• Ralph R. Bunting III, PharmD — 11011 Manklin Creek Rd, Ocean Pines, MD 21811, United States
• COASTAL DRUG PHARMACY — 11005 Manklin Meadows Ln Unit 1, Ocean Pines, MD 21811

Frequently Asked Questions

What type of property is this?

Drug store - Former Rite Aid in Penington Commons Shopping Center.

Where is this drug store located?

The property is located at 11011 MANKLIN CREEK Rd Ocean Pines, MD.

What is the lease rate?

The lease rate is $26 SF/Yr.

What are key features of this property?

This property features: Heavily trafficked outparcel location.; Located at the signalized intersection of Rt 589 & Manklin Creek.; Anchored by Food Lion in Penington Commons Shopping Center.