31997 Beaver Run Dr Salisbury, MD 21804

Building Details

Year Built

2024

Listing Agency Foundry Real Estate Development

Listed by Brendan Eisenbrandt · License #PA RS330265

Source Crexi

Added: Aug 8, 2024 Checked: Jul 16 at 4:59 am

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Investment Insights

Based on property information with market context.

This is a brand new construction property featuring a 15-year absolute NNN lease with 4 five-year options. The lease is corporate guaranteed by 7-Eleven, Inc., which holds an investment-grade rating of A. Rent commenced on May 1, 2024. The property benefits from accelerated depreciation. Rental increases of 10% are scheduled every 5 years. The location benefits from high traffic volume, with an average daily traffic count of 30,611 vehicles. The property size is 4,505 square feet.

Key Highlights

• Corporate Guaranteed by 7‑Eleven, Inc. (Investment Grade Rating A)
• 15‑yr Absolute NNN Lease
• 10% Rental Increases Every 5 Years

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FAQs

What type of property is this?

Grocery and convenience store - New construction 7-Eleven with corporate guarantee and rental increases.

Where is this grocery and convenience store 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: Corporate Guaranteed by 7‑Eleven, Inc. (Investment Grade Rating A); 15‑yr Absolute NNN Lease; 10% Rental Increases Every 5 Years