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$2,900,000
31 Days Online

651 Roland Street
Salisbury, MD 21804

For Sale|Commercial|Pending
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1963
Built
County:
Wicomico

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651 Roland Street651 Roland Street651 Roland Street651 Roland Street
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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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Listing Snapshot
Price 
$2,900,000
Days Online 
31 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.86 Acres
Year Built 
1963
MLS Number 
MDWC2012368
Status 
Pending
Property Tax 
$5,883
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
a week agoStatus changed to Pending
a month agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Construction Materials 
Concrete
Zoning 
GC
Interior Features
Heating 
Central
Cooling 
Central A/C
Central Air 
Yes
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Exterior Features
Roof 
Flat
Community Features
Accessibility Features 
No Stairs
Listing courtesy of SVN/Miller Commercial Real Estate 410-543-2440



The real estate listing information is provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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