7-Eleven

Highlights:

• Absolute Net Lease | Zero Landlord Responsibilities
• 2021 Upgraded Construction | Just Under 11 Years Remaining
• Corporate Guarantee | Investment Grade (S&P: "A")
• Equipped with 8-Fuel Dispensers, 16-Fuel Stations and an 800SF State-of-the-Art Car Wash
• Strategic Location at Corner of Signalized Intersection Along US-50 (31,500+ VPD) | Primary East-West Thoroughfare Connecting Salisbury to Ocean City
• Strategic Positioning at Signaled Entrance to Walmart Supercenter and The Home Depot Anchored Power Center
• #1 Most Populous City in Maryland During Summer Months | Swells to ~300,000+ on Peak Weekends | Over 8M Visitors Annually
• Proximity to Ocean Downs Casino and Racetrack | Proven to Drive Repeat Traffic Through the Corridor Dating back to 1949
• Average Household Income within 5-Miles of the Property Exceeds $124,500

Description:

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Ocean City, officially the Town of Ocean City, is an Atlantic resort town in Worcester County, Maryland, United States. Ocean City is a major beach resort area along the East Coast of the United States. The population was 7,102 at the 2010 U.S. Census, although during summer weekends the city hosts between 320,000 and 345,000 vacationers, and up to 8 million visitors annually. During the summer, Ocean City becomes the second most populated municipality in Maryland, after Baltimore. It is part of the Salisbury, MD-DE Metropolitan Statistical Area, as defined by the United States Census Bureau.

The town supports a year-round population of about 7,000, with the town itself being a major employer. Summer employment in Ocean City rises many multiples above that level, supported by a large number of college-age and young adults—many native to Eastern Europe and Ireland—attracted by numerous job opportunities. In the summer, businesses and government agencies are augmented with about 100 seasonal police officers, plus extra firefighters and other workers.

Tourism in the off-season has picked up pace over the past decade. Today, Ocean City, Maryland has become one of the more popular vacation areas of the East Coast. Warmer months like June, July, and August attract the most tourists due to the opening of the beaches as well as the many different activities available to do. A “shoulder-season” has been established that ranges in the spring from St. Patrick’s Day until Memorial Day Weekend and in the fall from Labor Day Weekend until late October. Many establishments stay open into November and December depending on local events and weather. Numerous special events take place within the town during this shoulder-season, including Sunfest, Springfest, Bike Week, Cruisin’ Weekend, Winterfest of Lights and Reach the Beach, which take place on the Boardwalk and/or in the Roland E. Powell Convention Center. Increased traffic from golfers and these special events have convinced many seasonal restaurants and hotels to open sooner and close down later in the year.

North Ocean City houses many high-rise beachfront condominiums and hotels such as Century I, The Sea Watch, The Pyramid, The
Plaza, Golden Sands Club, and The Carousel. This area is easily recognizable because of its city-like skyline. Restaurants and retail stores stretch north from the Inlet area all the way to Fenwick Island, Delaware.