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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.

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Property Details of 651 Roland Street

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

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