Description
The Feazell Commercial Group is pleased to present for sale a Precision TuneAuto Service Station plus adjacent pad site located in Aberdeen, MD just 30miles 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 Tuneoccupies roughly 1/2 of this lot and the other 1/2 is a paved padsite readyto 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 5years remaining on their original lease term (July 2029 expiration) and fourremaining options to renew with 15% increases or CPI whichever is less. TheCap rate is 5% and includes the paved padsite next door to the PrecisionTune which is tenant-ready. The lease is guaranteed by PTAC which is ownedby parent company Icahn Automotive Group LLC. Aberdeen as a city is thelargest employer in Harford County MD. This Precision Tune is located near theintersection of South Philadelphia Blvd and James St and has an average dailytraffic count of 34,000+ vehicles per day. The property is in an area with apopulation of over 45,600 people living within a five-mile radius. Major retailtenants and points of interest in close proximity include: 7-Eleven, McDonalds,Lidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The propertys corporate guarantee and strategic location make this Precision Tune anattractive investment opportunity. Additional 1+/- acre of usable land behindthe site available for sale as well separately.
Description
The Feazell Commercial Group is pleased to present for sale a Precision TuneAuto Service Station plus adjacent pad site located in Aberdeen, MD just 30miles 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 Tuneoccupies roughly 1/2 of this lot and the other 1/2 is a paved padsite readyto 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 5years remaining on their original lease term (July 2029 expiration) and fourremaining options to renew with 15% increases or CPI whichever is less. TheCap rate is 5% and includes the paved padsite next door to the PrecisionTune which is tenant-ready. The lease is guaranteed by PTAC which is ownedby parent company Icahn Automotive Group LLC. Aberdeen as a city is thelargest employer in Harford County MD. This Precision Tune is located near theintersection of South Philadelphia Blvd and James St and has an average dailytraffic count of 34,000+ vehicles per day. The property is in an area with apopulation of over 45,600 people living within a five-mile radius. Major retailtenants and points of interest in close proximity include: 7-Eleven, McDonalds,Lidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The propertys corporate guarantee and strategic location make this Precision Tune anattractive investment opportunity. Additional 1+/- acre of usable land behindthe site available for sale as well separately.
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bic DeCaro & Associates | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-06T23:50:48.03.