21730 Great Mills Rd - Auto Repair FOR SALE


Lexington Park, MD 20653
$1,588,222 USD
202-847-4200
21730 Great Mills Rd, Lexington Park, MD for Sale
$1,588,222 USD
Auto Repair - FOR SALE
1/5
null | 6.75% Cap Rate

21730 Great Mills Rd
Lexington Park, MD 20653


HIGHLIGHTS

  • Attractive Rent Increases
  • Corporate Guaranty
  • Minimal Landlord Responsibilities
  • Strategic Location
  • Naval Air Station Patuxent River
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property leased to Mr. Tire located at 21730 Great Mills Road in Lexington Park, Maryland (the “Property”). The Property consists of a 2,440 square foot building on a 0.34-acre parcel. Mr. Tire has 6+ years remaining on their lease with two (2), 10-year renewal options. The lease features a corporate guarantee from Monro Inc. and calls for an attractive 8% rent increase in 2028, as well as annual CPI increases in the option periods. Mr. Tire is well located at the signalized intersection of Great Mills Road and Shangri-La Drive. The corner parcel offers excellent visibility, with prominent signage and access from both Great Mills Road and Shangri-La Drive. The Property is directly across the street from a Big Lots-Anchored retail center and is down the street from the intersection of Great Mills Road and Three Notch Road, the primary commercial thoroughfare in Lexington Park. Mr. Tire is part of the larger trade area surrounding the entrance to the Patuxent River Naval Air Station.

FOR SALE DETAILS

PRICE

$1,588,222 USD

PRICE/SF

$651 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mr. Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,930 SF

ZONING

DMX

APN/PARCEL ID

08-044236

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.