Salisbury, MD — SVN | Miller Commercial Real Estate Advisors, Tonney Insley and Ryan Finnegan recently sold the former Rite Aid at 833 S Salisbury Boulevard.
The property consisted of a single-story 13,824 SF free standing building, with a drive-thru, on a 1.50-acre lot and was purchased by OBC Salisbury, LLC as a net leased Rite Aid several years ago.
Vacated by Rite Aid in early September 2023, the property was listed for lease and for sale by Insley and Finnegan in November of 2023. After fielding a number of qualified tenant and buyer prospects, the Sellers chose a contract with a national retail chain represented by Christopher Zamias of CCN Real Estate out of Johnstown, PA.
“It was excellent to work with the SVN team. They had a clear process and deep market knowledge, which uncovered a number of options for us. We were very pleased with the direction we chose in selling the property and appreciate the job Tonney and Ryan did for us,” said the Seller.
Keep an eye out for new activity at the former Rite Aid property and reach out to speak with Tonney Insley or Ryan Finnegan by calling 410.543.2440 or emailing tonney.insley@svn.com or ryan.finnegan@svn.com.
