1001 PHILADELPHIA AVE SUITE A Ocean City MD 21842

5,833 sq ft medical building with 26 parking spaces and high visibility in Ocean City, MD!

This unique opportunity to purchase medical building with thriving long term tenant of 25+ years. Lot is 24,400 sq ft and has great signage locations. Current tenant has two 5-year renewals available.

Below is additional investor information about the purchase of this property:

Investor Purchase-

Purchase Price $3,400,000

Cap Rate (L/T NNN Lease)

Years 2022-2023 4% (actual)

Years 2023-2028 4.5% (projected)

Years 4.8% (projected, 5%-or-more if CPI continues to increase at current rates)

Residual Value of Property to Investor at end of lease 6/1/2033 (using a 2% rate, compounded) $4,227,473

Total Passive Rental Income, NNN Lease 1/1/2022-6/1/2033 = + 1,777,637

Total Value to Investor 6,005,110

Less Initial Purchase Price - 3,400,000

Projected Gross Profit to Investor $2,605,110

Other Considerations:

6% Cap Rate for reliable tenant with 10 years remaining on lease is unheard of. 2%-4% Cap Rate is realistic and expected.

Inflation will continue to devalue monetary investments, while interest rates for borrowing will likely never be lower.

No one is manufacturing more land on high density, coastal resort barrier islands.

Property will likely be suitable for other uses at the end of current lease (condos, hotel, etc).