Overview

Description

INVESTMENT OPPORTUNITY! Napa Auto Parts store in Pocomoke is leased and fully guaranteed by Genuine Parts Company and features a new 5 year lease (commenced 10/1/23) with two 5 year renewal options. Base rent is $6,000.50 per month with increases in the renewal terms. The landlord is responsible for roof and building structure while the tenant is responsible for interior maintenance and reimbursement of real estate taxes, insurance, and common area maintenance.

The building is a free-standing 6,300 SF metal building that features front retail/parts counter space with warehouse for racking and storage. The property is in great condition and offers an investor a low maintenance, low hassle investment opportunity along the highly trafficked Rt 13 corridor. Average daily traffic counts are in excess of 20,000 vehicles per day.

Complete lease information available with a signed NDA.

Frontage on Rt 13 south of Enterprise Rent-A-Car and across Rt 13 from Hetrich Chevrolet.

Highlights

• Passive Investment Opportunity
• National Credit Tenant with new 5 year term
• Property frontage on Route 13 - surrounded by other automotive uses

Documents

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