Napa Auto Parts Store - Salisbury Investment Opportunity
$2,900,000
651 Roland St, Salisbury, MD 21804
20,204 sqft
Building Size
0.86 acres
Lot Area
Details:
Highlights:
- Established long term tenant with proven track record
- National Credit
- Passive income opportunity
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.
Centrally located in the City of Salisbury, the property is immediately off of (but visible from) US Rt 13 on Roland St. The property is just minutes south of downtown Salisbury and Tidal Health PRMC.
Documents:
| Title | ||
|---|---|---|
| Roland SDAT 1 (north).pdf | ||
| Roland SDAT 2 (south).pdf | ||
| Analystpro Cash Flow - SBY.pdf | ||
| SVN_-_Brochure__P_.pdf |
Location
Gallery
