New 7-Eleven NNN
For Sale
Contact for pricing
Pending
31997 Beaver Run Dr, Salisbury, MD 21804
New construction 7-Eleven with corporate guarantee and rental increases.
Property Size4,505 SF
Days on Market755
Property Features for 31997 Beaver Run Dr
General Information
Standard status
Pending
Size
4,505 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Foundry Real Estate Development
Listed By:
Brendan Eisenbrandt · License #PA RS330265
Source:
Crexi
Added: Aug 8, 2024
Changed: Aug 8
Last Checked: Jul 24 at 6:15PM
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 Foundry Real Estate Development
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
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Royal Farms
Shops & Services
34,197 visits/mo
0.2 miles
7-Eleven
Shops & Services
18,609 visits/mo
0.1 miles
Arby's
Dining
11,786 visits/mo
0.2 miles
Demographics for 21804, MD
40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
