4 years remaining running until March 31, 2022 on an original 15-year corporate NN* lease, with three, five-year options remaining with 5% rental increases in each of the options. 6,944 +/- sf built in 2007 on 1.14 acres of land zoned C-2 commercial located at the NE corner of Tidewater Trail and Benchmark Road. Site is an outparcel to a Weis Markets anchored shopping center, with other retailers including CVS and Creative Childcare. Daily traffic counts of 24,000 VPD on Tidewater Trl (Rt.17 Bus). Located 5 miles east of I-95. $133,805 with percentage rent of 2.5% of gross sales above breakpoint. Features 5% rental increases in each of the options. 2018 store sales reported of $1,424,424.
Asking price of $1,871,399 or 7.15% cap.