$1,650,000

614 S Philadelphia Blvd, Aberdeen, MD, 21001

3,289

Square feet

0.84

Acres

The Feazell Commercial Group is pleased to present for sale a Precision Tune Auto Service Station plus adjacent pad site located in Aberdeen, MD just 30 miles 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 Tune occupies roughly 1/2 of this lot and the other 1/2 is a paved padsite ready to go for another free standing building of similar size. Precision Tune is paying $71,338/yr on a corporately guaranteed, Double-Net (NN) lease with 6.5 years remaining on their original lease term (July 2029 expiration) and four remaining options to renew with 15% increases or CPI whichever is less. The Cap rate is 4.32% and includes the paved padsite next door to the Precision Tune which is tenant-ready. The lease is guaranteed by PTAC which is owned by parent company Icahn Automotive Group LLC. The lease is set to increase in 2024 and will bump up the yield to a 4.99% cap rate. Aberdeen as a city is the largest employer in Harford County MD. This Precision Tune is located near the intersection of South Philadelphia Blvd and James St and has an average daily traffic count of 34,000+ vehicles per day. The property is in an area with a population of over 45,600 people living within a five-mile radius. Major retail tenants and points of interest in close proximity include: 7-Eleven, McDonalds, Lidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The property’s corporate guarantee and strategic location make this Precision Tune an attractive investment opportunity. Additional 1+/- acre of usable land behind the site available for sale as well separately.

Facts & Features

MLS® # MDHR2018468
Price $1,650,000
Bathrooms 0.00
Square Footage 3,289
Acres 0.84
Year Built 2005
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 614 S Philadelphia Blvd
City Aberdeen
County HARFORD-MD
State MD
Municipality Aberdeen
Zip Code 21001

Amenities

Is Waterfront No

Interior

Heating Other
Cooling Other
Has Basement No
Fireplace No

Exterior

Exterior Block

School Information

District HARFORD COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed December 9th, 2022
Days on Market 53
Zoning B3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGarceau Realty

Listing Map

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