28490 Naylor Mill RdSalisbury, MD 21801

For Sale
$5,458,013

High-yield 7-Eleven, prime location, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Exceptional 7-Eleven investment opportunity in Salisbury, MD.
  • 3.34-acre lot with 4,950 SF building, constructed in 2021.
  • 26 gas pumps serving 39,000+ vehicles daily.
  • Located in Westwood Commerce Park with direct Bypass 50 access.
  • 100% occupancy since November 2021, generating $272,901 NOI and a 5.00% cap rate.
  • $5,458,013 asking price; net lease.

Property Details for 28490 Naylor Mill Rd

Property type
Other retail properties, Automotive properties
Square Feet
4,950 SF
Year Built
2021
Buildings
1
Stories
1
Lot Size (sq. ft)
145,490 SF

Location Insight

City
Salisbury
County
Wicomico
State
Maryland
Latitude
38.395795206736
Longitude
-75.62583110345
28490 Naylor Mill Rd, Salisbury, Maryland

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28490 Naylor Mill Rd
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