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614 S PHILADELPHIA BOULEVARD, ABERDEEN, MD 21001
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$1,650,000
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Home Details for 614 S PHILADELPHIA BOULEVARD
Price
$1,650,000
Type
Commercial/Industrial
Year Build
2005
Lot Size
0.84
County
HARFORD
Tax
$10,262
MLS®️ Listing#
MDHR2018468
On exitrealty.com
734 days
Property Description
The Feazell Commercial Group is pleased to present for sale a Precision Tune
Auto Service Station plus adjacent pad site located in Aberdeen, MD just 30
miles North of Baltimore City. Custom built by landlord for tenant in 2005,
the property consists of a freestanding building with a Gross Leasable Area
(GLA) of 3,289 square feet situated on a .84-acre lot. Precision Tune
occupies roughly 1/2 of this lot and the other 1/2 is a paved padsite ready
to go for another free standing building of similar size.
Precision Tune is paying $82,039/yr on a corporately guaranteed, Double-Net (NN) lease with 5
years remaining on their original lease term (July 2029 expiration) and four
remaining options to renew with 15% increases or CPI whichever is less. The
Cap rate is 5% and includes the paved padsite next door to the Precision
Tune which is tenant-ready. The lease is guaranteed by PTAC which is owned
by parent company Icahn Automotive Group LLC. Aberdeen as a city is the
largest employer in Harford County MD. This Precision Tune is located near the
intersection of South Philadelphia Blvd and James St and has an average daily
traffic count of 34,000+ vehicles per day. The property is in an area with a
population of over 45,600 people living within a five-mile radius. Major retail
tenants and points of interest in close proximity include: 7-Eleven, McDonalds,
Lidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza.
The property’s corporate guarantee and strategic location make this Precision Tune an
attractive investment opportunity. Additional 1+/- acre of usable land behind
the site available for sale as well separately.
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Listing courtesy: Garceau Realty - 410-803-0714
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information contained on this website provided by MRIS is deemed reliable but not guaranteed ©2024 Bright, All Rights Reserved.
Last Updated: 2024-12-12 02:07:08
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