28490 Naylor Mill Rd Salisbury, MD 21801
- Retail properties
- 4,950 SF
- 3.34 lot acres
Current Use by Public Records
- Western Union / Bank / Credit Union
Property Details for 28490 Naylor Mill Rd
- Year built
- 2021
- Lot size
- 3.34 lot acres
- Property size
- 4,950 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 7-Eleven convenience store and gas station situated on a substantial 3.34-acre lot in Salisbury, Maryland. The property, built in 2021, boasts 4,950 square feet and features 26 gas pumps, catering to the high traffic volume of approximately 39,000 vehicles daily. Located at 28490 Naylor Mill Rd, 21801, this strategically positioned property is part of the 250-acre Westwood Commerce Park and enjoys direct access to Bypass 50, a major thoroughfare leading to Ocean City, MD. The property benefits from limited competition and proximity to significant industrial employers like Perdue Farms. The 100% occupancy rate, achieved since November 21, 2021, generates a substantial Net Operating Income (NOI) of $272,901, resulting in an attractive 5.00% capitalization rate. The asking price for this single-story building is $5,458,013. This is a net lease investment. A wide array of major retail establishments are located within a 10-mile radius, further enhancing the property's value and potential for continued success. This is a rare opportunity to acquire a high-performing, established 7-Eleven in a thriving commercial area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.6258
- Latitude
- 38.3958
