Triple Net Convenience
For Sale
$1,600,000
5601 Coastal Highway Unit 3 & 4, Ocean City, MD 21842
Triple net lease in place for a convenience store currently operating as a bee wine store.
Days on Market81
Property Features for 5601 Coastal Highway Unit 3 & 4
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
2010
Listing Agency:
Coldwell Banker Bud Church Realty,Inc.
(410) 524-7888
Listed By:
Ken Church · License #305250
Source:
Deepcreeklake
Added: May 12
Changed: Jul 30
Last Checked: Jul 30 at 5:59AM
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 Coldwell Banker Bud Church Realty,Inc.
Investment Insights
Based on property information with market context.
This triple net convenience store property features a tenant in place and requires the buyer to honor the current lease. The current operation is described as a bee wine convenience store, and the property is offered with the note that buyers must coordinate with the listing agent before writing an offer.
The property is part of 5601 Coastal Highway, Unit 3 & 4, Ocean City, MD 21842, and was built in 2010.
For end users and investors evaluating a stabilized, lease-backed convenience retail asset, the key consideration is the obligation to respect the existing lease structure upon acquisition.
The property is part of 5601 Coastal Highway, Unit 3 & 4, Ocean City, MD 21842, and was built in 2010.
For end users and investors evaluating a stabilized, lease-backed convenience retail asset, the key consideration is the obligation to respect the existing lease structure upon acquisition.
Key Highlights
- Triple net lease in place and buyer must honor the current lease
- Current operation is a bee wine convenience store
- Built in 2010
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 29%
Hotels & Casinos 26%
Denny's
Dining
8,498 visits/mo
0.3 miles
Exxon
Shops & Services
3,973 visits/mo
0.3 miles
Residence Inn Ocean City
Hotels & Casinos
3,929 visits/mo
0.3 miles
7-Eleven
Shops & Services
2,868 visits/mo
0.1 miles
Best Western Ocean City Hotel & Suites
Hotels & Casinos
2,110 visits/mo
0.1 miles
Demographics for 21842, MD
11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Rick's Market — 64th St, Ocean City, MD 21842
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Triple net lease in place for a convenience store currently operating as a bee wine store.
Where is this grocery and convenience store located?
The property is located at 5601 Coastal Highway Unit 3 & 4 Ocean City, MD.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Triple net lease in place and buyer must honor the current lease; Current operation is a bee wine convenience store; Built in 2010
