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651 Roland StreetSalisbury, MD 21804Sale Price: $2,854,367

  • Sale Price: $2,854,367
  • 5 Days Since Sale
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,900,000List Price
  • 0.86Acreage
  • 1963Year Built

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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.

Property Details of 651 Roland Street

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Listed by John McClellan and Kelly Jeter of SVN |Miller Commercial Real Estate

Listing Sold by SVN |Miller Commercial Real Estate

Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Real McCoy Team | Coldwell Banker Residential Brokerage participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated April 16, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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