31997 Beaver Run Dr, Salisbury, MD 21804

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.