Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2025
Sq.Footage
N/A
Brand new Starbucks (Nasdaq SBUX) for sale with a 10 year lease! Offered at a 6.33% cap rate, this single tenant, free standing pad fronts Maryland Route 50 - the major East / West travel corridor that stretches from the Baltimore/DC metro areas all the way to the Ocean City beaches on the east coast. Average traffic counts are 19,642 vehicles per day with higher traffic counts during the summer months due to beach travelers. The store opened for business on April 17, 2025 and rent commences August 15, 2025 with the initial term running through 2035. This highly visible, highly trafficked site sits adjacent to a dual Taco Bell / KFC and in front of a mixed use 194,000 SF shopping center known as Oak Ridge Commons including a 58,000 SF church complex driving additional retail traffic several days per week. Contact the listing broker for more details. Lease available for review with a signed NDA and satisfactory LOI.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
1.3
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
Parking Lot
Financial
-
Sales Price
$2,450,000
-
Tax Amount
3884.0
-
Zoning
General Commercial
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Location
County
WICOMICO
Elementary School
Middle School
High School
Listing Courtesy of John McClellan , SVN/Miller Commercial Real Estate
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