COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD

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COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
COVENTRY PLAZA
SALISBURY, MD STILL MEADOW BLVD

John McClellan, CCIM, SIOR
Senior Advisor
O: 410.543.2428
john.mcclellan@svn.com
Kelly Jeter
Advisor
O: 410.543.2440
kelly.jeter@svn.com

SVN | MILLER COMMERCIAL REAL ESTATE | 206 E. MAIN STREET, SALISBURY, MD 21801   LEASE BROCHURE
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Property Summary

 OFFERING SUMMARY                                                            PROPERTY OVERVIEW
                                              $14.00 - 20.00                 Become part o one o the newest retail/office developments in the Salisbury area!
 Lease Rate:
                                                 SF/yr (NNN)                 New custom commercial development is well underway with delivery in the Spring
 Building Size:                                         8,525 SF             2021. Located at a ull movement lighted intersection at the corner o Beaglin Park Dr
                                                                             and Still Meadow Blvd, Coventry Plaza eatures spaces ranging rom 1,000 SF to
 Available SF:                             1,000 - 3,025 SF                  5,000 SF or inline space and 1,000-3,025 SF on the pad site with one planned drive
 Lot Size:                                                                   thru. The center ronts 288 newly developed apartments, 55 new townhomes with
                                                                             an additional 62 existing townhome units, and is just across the street rom 52 new
                                                 Planned
                                       Residential District                  single amily homes! A brand new 194 villa development was also just approved to be
 Zoning:                                        / General                    developed behind Coventry Apartments that will drastically impact traffic and
                                             Commercial                      increase exposure. You can check out the site plan in this package. The plaza will
                                           Eastern Shore o                   also enjoy connection to a high speed iber optic cable making internet some o the
 Market:                                          Maryland                    astest in the City. With an immediate 650 residential units in the surrounding area,
                                                                             the exposure and accessibility at Coventry Plaza are unrivaled.
 Submarket:                                            Salisbury

                                                                             PROPERTY HIGHLIGHTS
                                                                                   Established businesses include Michelle's Pretty Paws, Elegant Nails, Edward
                                                                                   Jones, Sound Advice Hearing Aids, and Dr. Debbie Steele Moore Eye Center

                                                                                   Over 14,000 vehicles per day

                                                                                   Great visibility and exposure

COVENTRY PLAZA | 1495 STILL MEADOW BLVD SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 2
The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Site Plan

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                         SVN | Miller Commercial Real Estate | Page 3
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
COVENTRY PLAZA
                                                 SITE

                          Coventry Square                       Hunter’s Crest
                            Apartments                       52 New Single Family
                           288 brand new                        Development
                          apartment units

 Villas at Aydelotte
New 200 unit condo
duplex development
                                                                   Neighboring
                                                                   Commercial
                                                                      Plaza

                          Spring Village
                       55 new townhomes

                                                                     The Preserve
                                                                    61 Townhomes
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Available Spaces

LEASE TYPE | NNN                         TOTAL SPACE | 1,000 - 5,500 SF                                   LEASE TERM | Negotiable                              LEASE RATE | $14.00 - $20.00 SF/yr

  SUITE                                TENANT         SIZE (SF)               LEASE TYPE         LEASE RATE          DESCRIPTION

  A                                    Available      1,058 SF                NNN                $17.00 SF/yr        In line office/retail space, con iguration is lexible, build to suit

  B                                    Available      1,000 SF                NNN                $14.00 SF/yr        In line office/retail space, con iguration is lexible, build to suit

  C                                    Available      1,090 SF                NNN                $14.00 SF/yr        In line office/retail space, con iguration is lexible, build to suit

  D                                    Available      1,000 SF                NNN                $14.00 SF/yr        In line office/retail space, con iguration is lexible, build to suit

  Out Building with Drive Thru         Available      1,000 - 3,025 SF        NNN                $20.00 SF/yr        Out building on pad site ronting Beaglin Park Dr, one drive thru available, may divide space

COVENTRY PLAZA | 1495 STILL MEADOW BLVD SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 5
The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Available Spaces

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                         SVN | Miller Commercial Real Estate | Page 6
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Signage Opportunity

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                          SVN | Miller Commercial Real Estate | Page 7
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Coventry Apartments

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                         SVN | Miller Commercial Real Estate | Page 8
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Aerial Photos

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                         SVN | Miller Commercial Real Estate | Page 9
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
COVENTRY PLAZA SALISBURY, MD STILL MEADOW BLVD
Aerial Photos

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 10
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Aerial Photos

COVENTRY PLAZA | 1495 STILL MEADOW BLVD SALISBURY, MD 21804                                                                                       SVN | Miller Commercial Real Estate | Page 11
The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
completeness. All SVN® offices are independently owned and operated.
Additional Photos

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 12
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Additional Photos

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 13
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Beaglin Park Traffic Counts

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 14
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Coventry Plaza
                        Local Residential Projects and Growth

COVENTRY APARTMENTS
  • 288 total units (13 buildings) varying from 1-3 Bedrooms
  • Rents range from $1,025-$1,435
  • 288 total units ~ 95% occupied
  • Amenities ranging from a clubhouse, pool, and tennis court
  • Multi family development is immediately behind Coventry Plaza

HUNTER’S CREST SUBDIVISION
  • 52 single family homes slated to be completed Winter 2020
  • Prices starting in the low $200,000s
  • Lots selling at a rapid velocity – only 2-3 lots still available
  • National builder DR Horton

SPRING VILLAGE
  • 55 new construction townhomes with 62 additional units to be built
  • Prices starting in the low $100,000s
  • National builder DR Horton

VILLAS AT AYDELOTTE
   • Coming Soon! Brand new 194 unit development
   • Units will be one story villa style – 1, 2, and 3 bedrooms
   • Private driveways and entrances
   • Immediately behind Coventry Square Apartments
   • Construction slated to begin Winter 2021 with delivery in Summer 2022

THE PRESERVE
  • 61 unit townhome development
  • Established townhome development
  • Prices range from $200,000-$250,000
  • Well maintenance with tasteful street presence
CROSS MARKETING OPPORTUNITIES WITH
                    COVENTRY SQUARE APARTMENTS

Tenants of Coventry Plaza will enjoy the benefit of cross marketing with Coventry
Square Apartments, a 288 unit development that remains almost 100% occupied. At no
additional fee, commercial plaza tenants will receive the following:

   •   Business link and feature on the Coventry Square Apartments website
   •   Social media promotion through all channels
   •   Ability to promote business and offer incentives/deals to apartment residents
       through their App
   •   Ability to leave collateral at the clubhouse to be shared with all residents
   •   Ability to have collateral/coupons included in new resident welcome packages
       given to all new tenants upon move in

Upon lease execution, you will immediately be granted access to direct marketing to
hundreds of potential new clients!
Location Maps

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                         SVN | Miller Commercial Real Estate | Page 17
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Close Proximity To Mall And Rt 13

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 18
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Demographics Map

 POPULATION                                                                                                           5 MILES                                 10 MILES                                   15 MILES

 Total population                                                                                                        63,003                                     113,100                                  149,545

 Median age                                                                                                                  33.0                                       34.9                                        35.1

 Median age (Male)                                                                                                            31.3                                      33.4                                       33.8

 Median age (Female)                                                                                                         33.9                                       35.9                                       35.9

 HOUSEHOLDS & INCOME                                                                                                  5 MILES                                 10 MILES                                   15 MILES

 Total households                                                                                                        24,068                                      42,169                                   55,500

 # o persons per HH                                                                                                             2.6                                        2.7                                       2.7

 Average HH income                                                                                                    $56,400                                    $64,470                                     $63,414

 Average house value                                                                                                   $191,557                                 $215,250                                    $217,145

 * Demographic data derived rom 2010 US Census

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 19
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
Brief Economic Facts
                                                 WICOMICO COUNTY, MARYLAND
                                                                        New York
With its strategic location along the East
Coast and situated at the crossroads                   Washington, DC

of Maryland’s Lower Eastern Shore,                                                                                              Baltimore
Wicomico County serves as a hub
for commerce, industry, health care,
education and transportation. Situated
                                                                                                          Washington, DC
halfway between the Atlantic Ocean and
the Chesapeake Bay, cultural, recreational                               Wicomico County, on
                                                                                                                                             Salisbury
and civic amenities add to the lure of                                   Maryland’s Eastern Shore,
Wicomico, offering citizens a lifestyle                                  borders the Chesapeake Bay
                                                                         on the west and Delaware on
second to none.                                                          the north.
Wicomico is the number two agricultural
producing county in Maryland, and ranks
third in broiler chicken production. Popular crops include corn,                   Wicomico County’s private sector industries generate $3.9
soybeans, wheat and vegetables. In addition to agriculture and                     billion in economic output. Major employers are Chesapeake
poultry, health care, educational sectors and a diverse industrial                 Shipbuilding, Delmarva Power, Jubilant Cadista Pharmaceuticals,
base offer stability and a firm foundation for Wicomico’s                          K&L Microwave, Peninsula Regional Medical Center, Perdue
economy. Jubilant Cadista Pharmaceuticals recently announced                       Farms, Salisbury University and Tishcon.
the addition of 200 new jobs associated with the expansion of
                                                                                   Wicomico County has a 5,223-acre State Enterprise Zone in
its Salisbury headquarters and manufacturing facility.
                                                                                   Salisbury and a 129-acre zone in Fruitland.

LOCATION                                                                           POPULATION2,3
Driving distance from Salisbury:         Miles       Kilometers                                 Wicomico County                 Lower
                                                                                              Households Population         Eastern Shore*        Maryland
Atlanta, Georgia                         692            1,114
                                                                                   2000         32,218         84,644             155,934        5,296,486
Baltimore, Maryland                      102              165
                                                                                   2010         37,220         98,733             176,657        5,773,552
Boston, Massachusetts                    430              692
                                                                                   2020**       40,688        106,200             186,050        6,141,900
Chicago, Illinois                        793            1,276
New York, New York                       219              353                      *Somerset, Wicomico and Worcester counties
                                                                                   **Projections
Philadelphia, Pennsylvania               131              210
                                                                                    S elected places population (2010): Salisbury 30,343; Fruitland
Pittsburgh, Pennsylvania                 324              521                       4,866; Delmar 3,003; Pittsville 1,417; Hebron 1,084
Richmond,Virginia                        212              341
Washington, DC                           114              183
                                                                                   POPULATION DISTRIBUTION2,3 (2017)
CLIMATE AND GEOGRAPHY1                                                             Age                                          Number             Percent

Yearly Precipitation (inches)                               45.2                   Under 5       6,225                                             6.0
Yearly Snowfall (inches)                                      6.0                  5 - 19       21,683                                            21.1
Summer Temperature (ºF)                                     76.1                   20 - 44      33,780                                            32.8
Winter Temperature (ºF)                                     38.7                   45 - 64      25,404                                            24.7
Days Below Freezing                                         76.0                   65 and over  15,831                                            15.4
Land Area (square miles)                                   379.1                   Total       102,923                                           100.0
Water Area (square miles)                                   14.4                   Median age 		                                            35.9 years
Shoreline (miles)                                            361
Elevation (feet)                                 sea level to 73

                                                                                                                                                         2019
Brief Economic Facts                                                               WICOMICO COUNTY, MARYLAND

LABOR AVAILABILITY3,4,5 (BY PLACE OF RESIDENCE)                                         EMPLOYMENT4 (2017, BY PLACE OF WORK)
				Labor Mkt.                                                                                                                 Estab- Annual Avg. Emp. Avg. Wkly.
Civilian Labor Force (2017 avg.) County Area*                                           Industry                            lishments Empl.        %    Wage
  Total civilian labor force               51,488                     189,552           Federal government             27                281       0.6 $1,227
		Employment                               48,566                     179,096           State government               13              2,749       6.1    865
		Unemployment                              2,922                      10,456           Local government               48              4,885      10.8    809
		Unemployment rate                          5.7%                        5.5%           Private sector              2,497             37,193      82.5    839
Residents commuting outside the           Number                       Percent            Natural resources and        27                299       0.7    667
county to work (2013-2017)                 11,732                        24.1%            mining
Employment in selected occupations (2013-2017)                                            Construction                274               2,072      4.6      943
  Management, business, science and arts 16,289                          32.7%            Manufacturing                97               2,940      6.5      882
  Service                                  10,359                        20.8%            Trade, transportation       597               9,670     21.4      746
  Sales and office                         12,198                        24.5%            and utilities
  Production, transp. and material moving   6,319                        12.7%            Information                  22                 476       1.1   1,168
* Wicomico, Somerset and Worcester counties, MD and Sussex County, DE                     Financial activities        250               1,841       4.1     970
                                                                                          Professional and business   423               4,357       9.7   1,320
                                                                                          services
MAJOR EMPLOYERS6,7 (2018)                                                                 Education and health        326               9,028     20.0      971
                                                                                          services
Employer                             Product/Service               Employment
                                                                                          Leisure and hospitality     238              4,737      10.5      308
Peninsula Regional Medical           Medical services                      2,900          Other services              239              1,772       3.9      515
Center
                                                                                        Total                       2,585             45,109     100.0      839
Salisbury University                 Higher education                      1,865
                                                                                        Includes civilian employment only
Perdue Farms                         HQ / poultry processing               1,500
Wor-Wic Community                    Higher education                        435
College                                                                                 HOURLY WAGE RATES4 (2017)
Jubilant Cadista                     Generic pharmaceuticals                 340
Pharmaceutical                                                                          Selected Occupations                       Median       Entry Experienced

Genesis HealthCare /                 Nursing care                            340        Accountants                        $27.88            $18.07       $34.41
Salisbury Rehabilitation and                                                            Bookkeeping/accounting clerks       16.07             11.54        19.56
Nursing Center
                                                                                        Computer user support specialists 20.82               11.06        26.02
Delmarva Power                       Energy products and                     300
                                                                                        Customer service representatives 14.05                10.61        17.84
                                     services
                                                                                        Electronics engineering technicians 27.60             18.53        35.21
K&L Microwave                        Electronics assembly                    265
                                                                                        Freight, stock and material         11.76             10.24        14.05
Dove Pointe                          Services for the disabled               250
                                                                                        movers, hand
SHORE UP!                            Social services                         250
                                                                                        Industrial truck operators          20.90               13.87      27.43
Three Lower Counties                 Social services                         250
                                                                                        Inspectors, testers, sorters        12.90               10.14      16.43
BBSI                                 Staffing services                       250
                                                                                        Maintenance and repair workers, 16.02                   11.21      20.03
Piedmont / American                  HQ / airline                            220        general
Airlines
                                                                                        Network administrators              35.82               27.71      48.80
Pepsi-Cola Bottling                  Beverages                               200
                                                                                        Packaging and filling machine       13.57               11.44      15.65
Delaware Elevator                    HQ / elevator installation              170        operators
Chesapeake Shipbuilding              Shipbuilding / naval                    165        Packers and packagers, hand          9.85                9.28      11.09
                                     architecture
                                                                                        Secretaries                         16.26               11.67      18.73
Tishcon                              Supplements                             165
                                                                                        Shipping/receiving clerks           13.38               10.87      15.45
Verizon                              Telecommunications                      160
                                                                                        Team assemblers                     12.66               10.07      15.07
Excludes post offices, state and local governments, national retail and national
foodservice; includes higher education                                                  Telemarketers                       14.27               11.57      21.11
                                                                                        Wages are an estimate of what workers might expect to receive on the Lower
                                                                                        Eastern Shore (Somerset, Wicomico and Worcester counties) and may vary by
                                                                                        industry, employer and locality
Brief Economic Facts                                                     WICOMICO COUNTY, MARYLAND

SCHOOLS AND COLLEGES3,8                                                       INCOME3 (2013-2017)
Educational Attainment - age 25 & over (2013-2017)                                                                    Percent Households
  High school graduate or higher		                     88.6%                  Distribution                  Wicomico Co.    Maryland                     U.S.

  Bachelor’s degree or higher		                        27.8%                  Under $25,000                        21.7            14.2               21.3
Public Schools                                                                $25,000 - $49,999                    25.0            17.1               22.5
  Number: 16 elementary; 5 middle/combined; 3 high                            $50,000 - $74,999                    18.5            16.5               17.7
  Enrollment: 14,949 (Sept. 2018)                                             $75,000 - $99,999                    12.9            13.1               12.3
  Cost per pupil: $13,358 (2016-2017)                                         $100,000 - $149,999                  13.0            18.7               14.1
  Students per teacher: 13.0 (Oct. 2017)                                      $150,000 - $199,999                    4.9             9.7                5.8
  High school career / tech enrollment: 1,147 (2017)                          $200,000 and over                      4.0           10.7                 6.3
  High school graduates: 934 (July 2017)                                      Median household                  $54,493         $78,916            $57,652
Nonpublic Schools                                                             Average household                 $72,948        $103,845            $81,283
  Number: 17 (Sept. 2017)                                                     Per capita                        $27,755         $39,070            $31,177
Higher Education                   Enrollment (‘18) Degrees (‘17)             Total income (millions)            $2,729        $226,495         $9,658,475
2-year institution
  Wor-Wic Community College               3,024          397                  HOUSING3,10
4-year institution                                                            Occupied Units (2013-2017)            37,415 (60.7% owner occupied)
  Salisbury University                    8,556        2,399
                                                                              Housing Transactions (2018)*
The University of Maryland Eastern Shore is located in neighboring
Somerset County, and the recently accredited University of Maryland            Units sold                                                              1,103
Center for Environmental Science is based in Dorchester County.                Median selling price                                                 $145,261
                                                                              *Alll multiple listed properties; excludes auctions and FSBO

TAX RATES9                                                                    BUSINESS AND INDUSTRIAL PROPERTY6
                                         Wicomico Co.       Maryland          Industrial sites in the county range from one to 300 acres.
Corporate Income Tax (2019)                   none            8.25%           Northwood Industrial Park in the Salisbury area has a total of
                                                                              350 acres with 50 acres available.
  Base – federal taxable income
                                                                              Air Business Center (ABC) has sites with direct runway
Personal Income Tax (2019)                   3.20%      2.0%-5.75% *          access for air-related business uses. Long-term land leases are
   ase – federal adjusted gross income
  B                                                                           available.
  *Graduated rate peaking at 5.75% on taxable income over $300,000            Fruitland Industrial Park has a total of 110 acres with municipal
Sales & Use Tax (2019)                        none              6.0%          services and rail access.
  E xempt – sales for resale; manufacturer’s purchase of raw materials;      Westwood Commerce Park, at the intersection of U.S. Route
   manufacturing machinery and equipment; purchases of materials and          50 and the Salisbury Bypass, offers 260 acres served by
   equipment used in R&D and testing of finished products; purchases          Salisbury city water and sewer, as well as natural gas and high-
   of computer programs for reproduction or incorporation into                speed voice and data lines.
   another computer program for resale
                                                                              Salisbury Airport Incubator provides below market lease rates
Real Property Tax (FY 19)                 $0.9398            $0.112           with flexible terms to technology-oriented firms.
 Effective rate per $100 of assessed value                                    Business Incubator
	
 In an incorporated area a municipal rate will also apply                     Salisbury Airport Incubator, Salisbury
Business Personal Property
Tax (FY 19)                               $2.1715              none           Market Profile Data (2018)         Low                         High     Average
   Rate per $100 of depreciated value                                        Land – cost per acre
	Exempt – manufacturing and R&D machinery, equipment, materials                Industrial                   $17,000               $125,000          $40,000
    and supplies; manufacturing, R&D and warehousing inventory
		In an incorporated area a municipal rate will also apply; municipal          Office                       $22,000               $250,000          $60,000
    exemptions may be available                                               Rental Rates – per square foot
Major Tax Credits Available                                                     Warehouse / Industrial         $2.00                   $7.00           $4.50
 One Maryland, Enterprise Zone, Job Creation, More Jobs for
                                                                                Flex / R&D / Technology        $5.00                  $14.00           $9.50
 Marylanders (Tier 1), R&D, Biotechnology and Cybersecurity
 Investment, Arts & Entertainment District                                      Class A Office                 $6.50                  $15.00          $11.00
Brief Economic Facts                                                 WICOMICO COUNTY, MARYLAND

TRANSPORTATION                                                            UTILITIES
Highways: U.S. 13 and U.S. 50                                             Electricity: Delmarva Power and Choptank Electric
Rail: Norfolk Southern Railway                                            Cooperative, Inc.; customers of investor-owned utilities and
Truck: More than 70 local and long-distance trucking                      major cooperatives may choose their electric supplier
establishments are located on the Lower Eastern Shore                     Gas: Natural gas supplied by Chesapeake Utilities Corporation;
Water: Wicomico River, 14 ft. channel at Salisbury; Port of               customers may choose their gas supplier
Salisbury is the second largest in Maryland; also served by the           Water: Municipal systems in Delmar, Fruitland, Hebron, Pitts-
Port of Baltimore, 50’ channel; a leading U.S. automobile and             ville, Salisbury, Sharptown and Willards
break-bulk port; seven public terminals including the state-of-           Sewer: Municipal systems in Delmar, Fruitland, Hebron, Pitts-
the-art Intermodal Container Transfer Facility                            ville, Salisbury, Sharptown, Willards and Air Business Center
Air: The Salisbury-Ocean City Wicomico Regional Airport,                  Telecommunications: Predominant local carrier - Verizon
4.5 miles east of Salisbury, offers runway lengths of 5000’               Maryland; long distance carriers - AT&T,Verizon, Sprint Nextel
and 6400’, a full instrument landing service (ILS), aviation fuel,        and others; AT&T,Verizon and Sprint PoPs are located in
charter service, and an industrial park with runway access;               Salisbury
commercial passenger service provided by American Airlines
to Philadelphia and Charlotte; airport is home to numerous
corporate clients, a small business incubator and a FedEx
distribution center; UPS has a regional distribution center in            GOVERNMENT11
Salisbury                                                                 County Seat: Salisbury
                                                                          Government: County executive; seven council members (two
                                                                          elected at large and five from districts) for four-year terms;
RECREATION AND CULTURE                                                    charter form of government allows for the separation of the
Parks and Recreation: Five state parks provide camping and                executive from the legislative branch; lawmaking powers are
natural beauty; other activities include swimming, fishing–               vested in an elected legislative body
including deep sea fishing–boating, golfing, skeet, trap and              Robert L. Culver, Jr., County Executive 410.548.4801
silhouette shooting, hiking, biking, canoeing, bird watching, and         John T. Cannon, President, County Council 410.548.4696
country and yacht club activities                                         Website: www.wicomicocounty.org
Sports: Collegiate athletic events, tennis and professional golf          County Bond Rating: AA+ (S&P); Aa2 (Moody’s); AA (Fitch)
tournaments; horse racing (trotting) at Ocean Downs; a Hunt
Club/Pony Club; Wicomico County is home to the Delmarva                   Salisbury-Wicomico Economic Development, Inc.
Shorebirds, a Class A minor league affiliate of the Baltimore             David Ryan, Executive Director
Orioles                                                                   One Plaza East, Suite 501 • P. O. Box 4700
Cultural: Summer band, big band, and rock music concerts;                 Salisbury, Maryland 21803
national country western shows; the Salisbury Symphony;                   Telephone: 410.749.1251
dinner theater plays; a Council of Arts serves the area, as does          Email: info@swed.org
the largest civic center on the Delmarva Peninsula                        www.swed.org
Arts & Entertainment District: Salisbury                                 Sources:
Attractions: Ward Museum of Wildfowl Art, antique auto clubs             1 National Oceanic and Atmospheric Administration (1981-2010 normals);
                                                                           Maryland Geological Survey
and shows, and a first-class zoo
                                                                         2 Maryland Department of Planning
Events: Salisbury Festival, Pork in the Park, Autumn Wine
                                                                         3 U.S. Bureau of the Census
Festival, Good Beer Festival celebrating craft beers, World
                                                                         4 Maryland Department of Labor, Licensing and Regulation, Office of Workforce
Wildfowl Carving Show, and tours of historic homes                         Information and Performance
                                                                         5 U.S. Bureau of Labor Statistics
                                                                         6 Salisbury-Wicomico Economic Development, Inc.
                                                                         7 Maryland Department of Commerce
                                                                         8 Maryland State Department of Education; Maryland Higher Education
                                                                           Commission
                                                                         9 Maryland State Department of Assessments and Taxation; Comptroller of the
                                                                           Treasury
                                                                         10 Maryland Association of Realtors
                                                                         11 Maryland State Archives; Maryland Association of Counties
Advisor Bio

                                                 JOHN MCCLELLAN, CCIM, SIOR
                                                    Senior Advisor

                                                 john.mcclellan@svn.com
                                                 Direct: 410.543.2428 | Cell: 410.430.9964

PROFESSIONAL BACKGROUND
John McClellan, CCIM, SIOR serves as a Senior Advisor or SVN/Miller Commercial Real Estate specializing in the sale and lease o
office, industrial, and retail property on the Eastern shore o Maryland and Delaware. McClellan brings over 32 years o commercial
real estate experience and has secured well over 3,000 transactions, resulting in a career brokerage volume in excess o $400
million.

McClellan has success ully brokered retail, office, and industrial properties or sale and lease. These include a $9.6 million sale o
Gateway Crossing, a $2.75 million sale o the Standard Register plant, and $2.2 million industrial lease with Grayling Industries.

Past clients and customers include Pepsi Cola, Field Container, Perdue Farms, UPS, Delmarva Power, Gannett Newspapers,
Advance Auto, CVS, 84 Lumber, Chick-Fil-A, The General Services Administration, and many others.

He is past President o the Salisbury Area Chamber o Commerce and presently serves on the advisory board or M&T Bank.

McClellan is a 1984 graduate o Penn State University with a BS in Accounting. He was co ounder and operator o SubRunners
(sub delivery) rom 1986 - 2003.

He holds the prestigious CCIM and SIOR designations.

EDUCATION
Bachelor o Science in Accounting rom Pennsylvania State University

MEMBERSHIPS
Society o Industrial and Office Realtors (SIOR) - only 3,100 industrial and office real estate broker are recognized as SIOR
designees
Commercial Investment Member (CCIM)
Lower Shore Advisory Board or M&T Bank
Salisbury Area Chamber o Commerce
Peninsula Commercial Alliance - Past President

                                                                                 SVN | MILLER COMMERCIAL REAL ESTATE
                                                                                            206 E Main Street

COVENTRY PLAZA | 1495 STILL MEADOW BLVD SALISBURY, MD 21804                                                                                      SVN | Miller Commercial Real Estate | Page 24
The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
completeness. All SVN® offices are independently owned and operated.
Advisor Bio

KELLY JETER                                                                                PROFESSIONAL BACKGROUND
Advisor                                                                                    Kelly has a background in retail sales and management with an emphasis in
                                                                                            ashion merchandising. She transitioned into real estate in the middle o 2016
                                                                                           when she joined The McClellan Team at SVN-Miller. Kelly started as John's
                                                                                           assistant and became a licensed real estate agent in 2017. From there she
                                                                                           has transitioned into an Advisory role as she has brokered numerous
                                                                                           commercial sales and leases over the past 3 years.

                                                                                           Kelly is now pursuing her CCIM designation and is in the process o taking
                                                                                           her classes with the CCIM Institute and working towards the production
                                                                                           threshold.

                                                                                           EDUCATION

                                                                                           Kelly received her Bachelor o Science degree rom University o South
206 E. Main Street                                                                         Carolina in Retailing and graduated with Summa Cum Laude recognition.
Salisbury, MD 21801
T 410.543.2440
C 443.758.7170
kelly.jeter@svn.com

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                         SVN | Miller Commercial Real Estate | Page 25
   The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                           completeness. All SVN® offices are independently owned and operated.
Disclaimer

The material contained in this O ering Brochure is urnished solely or the purpose o considering a lease o a portion o
the property within and is not to be used or any other purpose. This in ormation should not, under any circumstances,
be photocopied or disclosed to any third party without the written consent o the SVN® Advisor or Property Owner
(“Owner”), or used or any purpose whatsoever other than to evaluate the possible lease o the Property.

The only party authorized to represent the Owner in connection with the lease o the Property is the SVN Advisor listed
in this proposal, and no other person is authorized by the Owner to provide any in ormation or to make any
representations other than contained in this Lease O ering Brochure.I the person receiving these materials does not
choose to pursue a lease o the Property, this Lease O ering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or
completeness o the in ormation contained herein, and nothing contained herein is or shall be relied upon as a promise
or representation as to the uture representation o the Property. This Lease O ering Brochure may include certain
statements and estimates by SVN with respect to the Property. These Assumptions may or may not be proven to be
correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner
disclaim any and all liability or representations or warranties, expressed or implied, contained in or omitted rom this
Lease O ering Brochure, or any other written or oral communication transmitted or made available to the recipient. The
recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any inal, ully
executed and delivered Real Estate Lease Agreement between it and Owner.

The in ormation contained herein is subject to change without notice and the recipient o these materials shall not look
to Owner or the SVN Advisor, nor any o their officers, employees, representatives, independent contractors or affiliates,
 or the accuracy or completeness thereo . Recipients o this Lease O ering Brochure are advised and encouraged to
conduct their own comprehensive review and analysis o the Property.

This Lease O ering Brochure is a solicitation o interest only and is not an o er to lease the Property. The Owner
expressly reserves the right, at its sole discretion, to reject any or all expressions o interest to lease the Property and
expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, or any reason, at any time
with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Lease
O ering Brochure or making an o er to lease the Property unless and until the Owner executes and delivers a signed
Real Estate Lease Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an o er to lease,
a prospective lessee will be deemed to have acknowledged the oregoing and agreed to release the Owner and the SVN
Advisor rom any liability with respect thereto.

To the extent Owner or any agent o Owner corresponds with any prospective lessee, any prospective lesse should not
rely on any such correspondence or statements as binding Owner. Only a ully executed Real Estate Lease Agreement
shall bind the property and each prospective purchaser proceeds at its own risk.

COVENTRY PLAZA | 1495 STILL MEADOW BLVD, SALISBURY, MD 21804                                                                                        SVN | Miller Commercial Real Estate | Page 26
  The in ormation presented here is deemed to be accurate, but it has not been independently veri ied. We make no guarantee, warranty or representation. It is your responsibility to independently con irm accuracy and
                                                                          completeness. All SVN® offices are independently owned and operated.
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