For Sale
$500,000

825 Isabella StSalisbury, MD 21801

High-Yield Gas Station & C-Store in MD

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-established gas station and convenience store located at 825 W. Isabella Street, Salisbury, Maryland, 21801. The property boasts a substantial 1,599 square feet building situated on a 1.09-acre lot, zoned for commercial use and built in 1964. Currently operating under an 11-year NNN lease with an experienced operator, this property offers a strong 7.79% cap rate and a net operating income (NOI) of $38,962. The asking price is $500,000, translating to $312.70 per square foot. The lease includes 3% annual rent increases commencing June 2024, ensuring consistent income growth. Landlord responsibilities are minimal, encompassing only half of the property taxes. A Phase 1 environmental assessment was successfully completed in 2017. The property includes 10,000-gallon fuel tanks and the tenant manages all licenses (including alcohol and lottery permits), eliminating any landlord obligations. A significant advantage is the inclusion of two additional lots with separate addresses, presenting potential for future expansion or development. This turnkey investment offers a compelling combination of strong cash flow, long-term lease stability, and significant upside potential. The property's prime location in Salisbury, Maryland ensures high traffic volume, contributing to its consistent profitability.

Highlights

  • 11-Year NNN Lease with Creditworthy Tenant.
  • Landlord pays only 50% of property taxes.
  • Phase I Environmental Site Assessment completed and passed in 2017.
  • No fuel supply agreement.
  • Tenant responsible for all licenses and permits (including alcohol and lottery).
  • Property includes 10,000-gallon tanks.

Property Details for 825 Isabella St

Property type
Specialty properties, Retail properties
Square Feet
1,599 SF
Year Built
1964
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Salisbury
County
Wicomico
State
Maryland
Latitude
38.3710883
Longitude
-75.6094424
825 Isabella St, Salisbury, Maryland

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
825 Isabella St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message