SALISBURY, MARYLAND— October 19, 2021— Principal Chris Davis and Advisor Christian Phillips of NAI Coastal recently collaborated to sell Red Fox Market, an established convenience store and gas station fronting South Fruitland Boulevard (Route 13) in Fruitland, Maryland. After twenty three years of continuous ownership, the sellers entrusted Phillips to help them capitalize on their long term investment.
“We really put our trust in Christian and the NAI Coastal team,” said Richard Cheng, former Red Fox owner and operator. “He was an asset to my wife and I as we navigated the transaction. He explained all of the intricacies in detail so that we both felt comfortable with the outcome. We would recommend Christian to anyone seeking investment advisory services.”
The business and real estate were purchased by Mahesh Patel, a local investor with roots in the convenience store industry. Having worked with Davis to acquire a number of similar properties in the past, Patel secured the property with intent to continue and improve upon business operations.
“It was my pleasure to represent Mahesh in his purchase of Red Fox Market,” said Davis. “He’s a sophisticated buyer with a great deal of industry knowledge. I’m grateful for the trust he has in my team to source investment properties and represent him in acquisitions.”
To learn more about this transaction or to discuss other investment opportunities, contact Principal Chris Davis or Advisor Christian Phillips at Chris@NAICoastal.com / Christian@NAICoastal.com or by calling 410-543-5115.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street, Suite 101 in Downtown Salisbury, Maryland. The team of eleven advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.
