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601 Pulaski Hwy

$2,000,000

601 Pulaski Hwy, Joppa, Md 21085

Active
Last Updated: 02/05/2025

203,643

NOI

4,244 sqft

Building Size

Details:
NOI:    $203,643
Building Size:    4,244 sqft
Year Built:    2001
Price Per Sqft:    $471.25
Zoning:    B3
Highlights:
  • Days on Market: 66
  • Parking Features: Handicap Parking
  • Heating: Heat Pump(s)
Description:

ONLINE REAL ESTATE AUCTION!! Bidding Opens: Monday, January 6, 2025. Bidding Closes: Wednesday, January 8, 2025 at 12:00 noon. List price is opening bid only. A $100,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. Triple net ground lease to Sheetz, Inc., originally dated April 14, 2000 and as amended by subsequent addenda. The lease is in a five-year extension period, running through May 31, 2026, with an annual rent of $203,643 NNN. There are 7 remaining five-year options at 10% per period increased base rent. The extension beginning June 1, 2026 has an annual rent of $224,007 NNN. Tenant pays for all maintenance, insurance and annual real estate taxes.

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