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Listed by John McClellan • SVN/Miller Commercial Real Estate
$ 2,450,000
Est. payment | /mo
1.3 Acres Lot
$ 2,450,000
Est. payment | /mo
1.3 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWC2024576
Year Built 2025
Annual Tax Amount $25,407
Tax Year 2026
Lot Size 1.300 Acres
Acres 1.3
Property Sub-Type Retail
Source BRIGHT
Property Description
New Starbucks (Nasdaq SBUX) for sale leased through 2035! 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 commenced 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 226,000 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. We are offering a 2.5% buy side fee for cooperating brokers!
New construction (2025)
#2-#3 highest performing Starbucks in the region
10 year lease with corporate guarantee
High traffic location
Stable long term investment
Contact the listing broker for more details. Lease available for review with a signed NDA and satisfactory LOI. We are offering a 2.5% buy side fee for cooperating brokers!
New construction (2025)
#2-#3 highest performing Starbucks in the region
10 year lease with corporate guarantee
High traffic location
Stable long term investment
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning GC
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 28.0
Water Access N
Accessibility No Stairs
Total Parking Spaces 28
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2305127602
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS