Team facilitates the sale of Pemberton Pharmacy in Salisbury, MD
Salisbury and Pocomoke, MD — John McClellan and Kelly Jeter recently sold two net leased Napa Auto Parts stores in Salisbury and Pocomoke. The Napa Auto Parts store in Salisbury was a 20,204 s/f building at 651 Roland St. The Pocomoke store was a 6,300 s/f building at 1238 Ocean Hgwy.
Through detailed analysis and evaluation of the properties and the new leases that were in place, the McClellan Team was able to develop a comprehensive marketing effort by which they garnered multiple offers and were able to put both properties under contract within about one month of listing. The buyer was an out of state investment group seeking to grow their regional holdings and had a strong preference for single-tenant retail users.
“Myself and partner, Kelly Jeter, facilitated the extensive, yet timely due diligence process, and our client was able to successfully close on both properties within the quick contract timeline. The buyer was pleased to acquire these low-maintenance investments with new 5-year leases and our client was pleased to complete a timely disposition at a desirable sales price,” said McClellan.
The seller said, “I have worked with John and his team for many years. For me, hiring John and SVN | Miller was a no-brainer. His network and national reach contributed to multiple offers and a successful transaction. I truly feel John always had my best interest in mind and I am pleased the McClellan Team was able to deliver on both the sales of the Napa stores as well as advising on reinvestment efforts.”
In a separate transaction, The McClellan Team sold the former Pemberton Pharmacy on Pemberton Dr., Salisbury, John McClellan and Kelly Jeter represented the seller, while fellow team member, Chris Messick, represented the buyer.
The former Pemberton Pharmacy will now be the home to Papayo Market. Papayo Market is renowned for its premium quality groceries sourced from around the globe. With its flagship store already established in Seaford, Delaware, Papayo Market’s expansion to Salisbury signifies a commitment to providing residents with access to the finest foods from across the world. The new Papayo Market location promises to be a vibrant hub where everyone can explore a new selection of foods. This strategic location offers ample opportunities for Papayo Market to thrive, serving as a focal point for community engagement.
“John and Kelly were instrumental in facilitating this sale,” remarked the seller. “Their dedication and strategic approach were key in navigating through the intricacies of the deal.”
The buyer shared, “We are excited to open for business on Pemberton Dr. and look forward to providing Salisbury residents as well as the surrounding townships with a unique experience. We are grateful to Chris Messick and the McClellan Team for their guidance throughout this process.”
Bình luận