Salisbury, MD 21804,651 ROLAND ST
Salisbury, MD 21804,651 ROLAND ST
Salisbury, MD 21804,651 ROLAND ST
Salisbury, MD 21804,651 ROLAND ST
Salisbury, MD 21804,651 ROLAND ST
Salisbury, MD 21804,651 ROLAND ST
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$2,854,367

$2,900,000

1.6%
Est.Price: ?

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Est. payment /mo

20,204 SqFt


SOLD DATE : 04/12/2024

Key Details

Sold Price $2,854,367

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 20,204 sqft

Price per Sqft $141

MLS Listing ID MDWC2012368

Sold Date 04/12/24

Originating Board BRIGHT

Year Built 1963

Annual Tax Amount $5,883

Tax Year 2023

Lot Size 0.860 Acres

Acres 0.86

Property 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.

Location

State MD

County Wicomico

Area Wicomico Southeast (23-04)

Zoning GC

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 24.0

Water Access N

Roof Type Flat

Accessibility No Stairs

Total Parking Spaces 24

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2313040877

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by John McClellan • SVN |Miller Commercial Real Estate
Bought with Kelly Jeter • SVN |Miller Commercial Real Estate
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+1(571) 263-4154

mj@razr.group

43777 Central Station Dr, Suite 390, Ashburn, VA, 20147, United States

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