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651 Roland Street

SALISBURY, MD 21804
  • $2,900,000
  • STATUS: Pending
  • ON SITE: 25 Days
  • ID#: MDWC2012368
Pending
UPDATED: 113 min ago
$2,900,000
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1963
County:

School Ratings & Info

Description

Leased Investment Opportunity! The Napa Auto Parts store in Salisbury, Maryland features a new 5 year lease (commenced 10/1/23) fully guaranteed by Genuine Parts Company with multiple renewal options. Base rent is $20,624.92 per month with increases in the renewal options. Net income is projected to be $232,649. The lease is a NNN lease with the tenant covering real estate taxes, insurance, and common area maintenance. The landlord is responsible for the roof and building structure. This is an ideal, passive investment with a tenant that has a proven track record, and is leased under a highly valued entity. The building is in great condition and features a 4 year old roof, new HVAC in the last 4 years, and well maintained parking areas. The building itself features retail/parts counter with connected private offices, and various warehouse sections with grade level loading access. The property also possesses a fenced/gated yard at the rear for parking and/or storage. Full lease information available with a signed NDA.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
www.newhometeammd.com/homes/147171672
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651 Roland Street SALISBURY, MD 21804

  • Price: $2,900,000
  • Status: Pending
  • On Site: 25 Days
  • Updated: 113 min ago
  • ID#: MDWC2012368
0
Beds
0
Baths
0
½ Baths
0.86
Acres
1963
Built
Neighborhood:
Wicomico Southeast (23-04)
County:
Wicomico
Area:
Wicomico Southeast (23-04)
School District:
Wicomico County Public Schools
Property Description
Leased Investment Opportunity! The Napa Auto Parts store in Salisbury, Maryland features a new 5 year lease (commenced 10/1/23) fully guaranteed by Genuine Parts Company with multiple renewal options. Base rent is $20,624.92 per month with increases in the renewal options. Net income is projected to be $232,649. The lease is a NNN lease with the tenant covering real estate taxes, insurance, and common area maintenance. The landlord is responsible for the roof and building structure. This is an ideal, passive investment with a tenant that has a proven track record, and is leased under a highly valued entity. The building is in great condition and features a 4 year old roof, new HVAC in the last 4 years, and well maintained parking areas. The building itself features retail/parts counter with connected private offices, and various warehouse sections with grade level loading access. The property also possesses a fenced/gated yard at the rear for parking and/or storage. Full lease information available with a signed NDA.
Exterior Features

Construction Materials Concrete Garage YN No Parking Types Parking LotOn Street Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 20204.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 20204.00

Property Features

Accessibility Features No Stairs Assessment Year 2023 Business Type Auto RelatedProfessionalWarehouse Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Salisbury Navigable Water YN N Net Operating Income 232649.00 New Construction YN No Original MLSNumber 802841793456 Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 5883.00 Tax Assessment Amount 289700.00 Vacation Rental YN No Water Source Public Zoning GC Zoning Description General Commercial

Listing courtesy of SVN/Miller Commercial Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-26T23:52:57.307.
 
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