inchester Liquors has operated on this site for over 40 years.The owner/seller was the second proprietor for fifteen years, the current tenant has been in place for eight years.Loyal beach traffic has long been a strong, sustained source of business. At Exit 44B, Route 50/301 access is provided by an easy right in right out intersection.This is the easternmost highway-oriented liquor store on Kent Island. The local trade area extends to Queenstown, Centreville, and Wye Mills. Closest competitors are 2.6 miles to the west, 9.5 miles to the east, and over 20 miles to the Easton market.Winchester Liquors operates under a Class A, 7-Day, Beer, Wine and Liquor License, and Wine-Tasting License. The Lease uniquely provides that these BWL Licenses shall always remain with the Property, and no other, without Owner s consent.Property Value incorporates the inherent value of the BWL Licenses as through a Security Interest, they are inextricably connected to the Property and controlled by the Owner.Absolute Net Lease. Tenant is responsible for all typical triple net expenses, as well as 100% of any repairs to or replacements of all building components.Currently in Initial Term of 10-year lease, ending July 31, 2023, with 10-year Renewal Term extending through July 31, 2033.Renewal is a non-issue. Even if not under control of the current tenant, the liquor license remains with the Property by virtue of the owner s Security Interest.2-1/2% Rent Increases are scheduled every 30 months, commencing with the 1st day of the 6th year, and continuing through the Renewal Term as well.