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614 S PHILADELPHIA BLVD ABERDEEN, MD 21001
- Commercial / Resale (MLS)
Property Details for 614 S PHILADELPHIA BLVD, ABERDEEN, MD 21001
Features
- Lot Size: 36590
- Total Units: 1
- Stories: 100
- Heating: Forced air unit
- Exterior Walls: Block
Facts
- Year Built: 01/01/2005
- Property ID: 877892213
- MLS Number: MDHR2018468
- Parcel Number: 02-398086
- Property Type: Commercial
- County: HARFORD
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. The Feazell Commercial Group is pleased to present for sale a Precision TunenAuto Service Station plus adjacent pad site located in Aberdeen, MD just 30nmiles North of Baltimore City. Custom built by landlord for tenant in 2005,nthe property consists of a freestanding building with a Gross Leasable Arean(GLA) of 3,289 square feet situated on a .84-acre lot. Precision Tunenoccupies roughly 1/2 of this lot and the other 1/2 is a paved padsite readynto go for another free standing building of similar size. nPrecision Tune is paying $82,039/yr on a corporately guaranteed, Double-Net (NN) lease with 5nyears remaining on their original lease term (July 2029 expiration) and fournremaining options to renew with 15% increases or CPI whichever is less. ThenCap rate is 5% and includes the paved padsite next door to the PrecisionnTune which is tenant-ready. The lease is guaranteed by PTAC which is ownednby parent company Icahn Automotive Group LLC. Aberdeen as a city is thenlargest employer in Harford County MD. This Precision Tune is located near thenintersection of South Philadelphia Blvd and James St and has an average dailyntraffic count of 34,000+ vehicles per day. The property is in an area with anpopulation of over 45,600 people living within a five-mile radius. Major retailntenants and points of interest in close proximity include: 7-Eleven, McDonalds,nLidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. nThe propertys corporate guarantee and strategic location make this Precision Tune annattractive investment opportunity. Additional 1+/- acre of usable land behindnthe site available for sale as well separately.
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Property Brokerage:
Garceau Realty
303 MAIN STREET S
BEL AIR
MD
21014
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.