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5 year NN Lease commenced 8/1/2026 with a potential termination clause for Buyers, opening this offering to either an Investor, potential Day Care Operator, or the building with its Light Industrial zoning could be repurposed into a new use. Current Tenant has been in this location since 2018. Monthly rent is $3,500.00 NNN with the Tenant responsible for all CAM. NOI is $41,700 and at full price is a 9.27% cap rate. Landlord responsibilities include the roof, structure, and HVAC repairs over $1,500 per year. Floor plan and Lease are in the documents tab.
| DAYS ON MARKET | 0 | LAST UPDATED | 7/21/2026 |
|---|---|---|---|
| YEAR BUILT | 2002 | COMMUNITY | Wicomico Northeast (23-02) |
| COUNTY | WICOMICO | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wicomico Northeast (23-02) |
| HEAT | Electric, Heat Pump |
| LOT | 0.92 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 3374 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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