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Listed by John McClellan • SVN/Miller Commercial Real Estate
$2,450,000
Est. payment /mo
2,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $907
MLS Listing ID MDWC2018612
Year Built 2025
Annual Tax Amount $3,884
Tax Year 2024
Lot Size 1.300 Acres
Acres 1.3
Property Sub-Type Retail
Source BRIGHT
Property Description
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.
Location
State MD
County Wicomico
Area Wicomico Northeast (23-02)
Zoning GC
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 42.0
Water Access N
Accessibility No Stairs
Total Parking Spaces 42
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Wicomico County Public Schools
Others
Tax ID 2305127602
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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