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    31997 Beaver Run Dr Salisbury, MD 21804

    Sponsored
    For Sale
    $8,008,000

    High-return 7-Eleven, MD. Strong lease.

    Property size:
    4,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a newly constructed 7-Eleven convenience store and gas station in Salisbury, Maryland. Located at 31997 Beaver Run Dr, Salisbury, MD 21804, this property boasts a 15-year absolute NNN lease with four, five-year renewal options, commencing May 1, 2024, and expiring April 30, 2039. The lease includes a substantial 10% rent increase every five years, providing significant long-term growth potential. The 4,505 square foot building sits on a 2.67-acre lot and features eight gas pumps. The property benefits from a 100% occupancy rate and a strong net operating income (NOI) of $428,426, yielding a 5.35% cap rate. The tenant, 7-Eleven, Inc., is investment grade rated A, providing exceptional creditworthiness and security. The property's location enjoys high visibility and traffic, with an average daily traffic count of 30,611 vehicles. This is a turnkey investment with accelerated depreciation benefits, making it an attractive opportunity for discerning investors seeking a stable, high-yielding asset. The asking price is $8,008,000, translating to $1,777.58 per square foot. The property is zoned commercial and was built in 2024. This is a single-tenant, single-story building.

    Property Features for 31997 Beaver Run Dr

    General Information

    Property type
    Automotive properties
    Square Feet
    4,505 SF
    Lot Size
    116,305 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $8,008,000 asking price for a brand‑new 7‑Eleven.
    • 15‑year absolute NNN lease with four, five‑year renewal options.
    • 10% rent increases every five years.
    • Corporate guarantee from 7‑Eleven, Inc. (Investment Grade A rating).
    • Rent commenced May 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sunoco Gas Station Convenience Store 7-Eleven Convenience Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Auto Parts Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5031817
    Latitude
    38.3763717

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    FAQs

    What type of property is this?
    Automotive property - High-return 7-Eleven, MD. Strong lease.
    Where is this automotive property located?
    The property is located at 31997 Beaver Run Dr Salisbury, MD.
    What is the asking price?
    The asking price for this property is $8,008,000.
    What are key features of this property?
    This property features: $8,008,000 asking price for a brand-new 7-Eleven.; 15-year absolute NNN lease with four, five-year renewal options.; 10% rent increases every five years.
    Request Owner's contact information
    31997 Beaver Run Dr Salisbury, MD 21804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31997 Beaver Run Dr Salisbury, MD 21804
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