31997 Beaver Run Dr Salisbury, MD 21804
Property profile & analytics
31997 Beaver Run Dr Salisbury, MD 21804
- Grocery and convenience stores
- 1,855 SF
- 2.67 lot acres
Property ID
US40-1066398
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sunoco Gas Station / Grocery & Convenience Store
- 7-Eleven / Grocery & Convenience Store
Property Details for 31997 Beaver Run Dr
- Year built
- 1994
- Construction
- BRICK
- Lot size
- 2.67 lot acres
- Property size
- 1,855 SF
- Zone code
- M1
- Property type
- Grocery and convenience stores
- APN
- 05-106370
- APU
- 5106370
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,620,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5033
- Latitude
- 38.3762
- CBSA code
- 41540
- CBSA name
- SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,031
$0.00
$0.00
$905,333
-
$1,917,000
$0.00
$1,917,000
