651 Roland St, Salisbury, Md 21804 $2,900,000

MLS Number
Mdwc2012368
Standard Status
Active
City Name
Salisbury
Sale Type
Standard
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.

Additional Details

Acres
0.86
Year Built
1963
Property Type
Commercial Sale
Building Total SQFT
20204.00
Lot SQFT
37461.60
MLS Area
Wicomico Southeast (23-04)
Listing Entry Date
02/01/2024

Exterior Features

Construction Materials
Concrete
Type of Parking
Parking Lot, on Street
Roof
Flat

Interior Features

Heating
Central
Cooling
Central A/c

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