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6 Back River Neck rd
Essex, MD 21221
O'Reilly Auto Parts · Commerce de détail Propriété À vendre


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Faits saillants de l'investissement
- NEW 10-YEAR LEASE WITH RAPIDLY EXPANDING AND CREDIT WORTHY O’REILLY AUTO PARTS
- MINIMAL LANDLORD RESPONSIBILITIES WITH RECENT CAPITAL IMPROVEMENTS AND BUILT-IN VALUE-ADD POTENTIAL
- DESTINATION USE OPPORTUNITY WITH A BUILT-IN, AND LOYAL, CUSTOMER BASE
- SUBSTANTIAL FRONTAGE ALONG BACK RIVER NECK ROAD WITH CONVENIENT ACCESS TO HEAVILY TRAFFICKED EASTERN BOULEVARD AND SOUTHEAST BOULEVARD
- POSITIONED WITHIN AN AFFLUENT AND DENSIFYING BEDROOM COMMUNITY OF ESSEX, MARYLAND WITH NEW AND ONGOING RESIDENTIAL DEVELOPMENT
Résumé de l'annonce
KLNB is pleased to present for sale the fee simple interest in the O'Reilly Auto Parts, a 9,000 SF freestanding pad site, positioned on 1.33 acres in Essex, Maryland. O’Reilly’s lease commenced in June 2025 and includes a 10% rental increase once during the base term, as well as in each option period, providing a built-in hedge against inflation. The property also presents a compelling value-add opportunity, featuring two vacant second-floor office suites totaling 3,500 square feet, in addition to a 0.75-acre vacant lot at 6 Back River Neck Road that is available for lease and/or outdoor storage. Positioned along Back River Neck Road, the asset benefits from consistent daily traffic of approximately 14,250 vehicles and offers convenient access to Old Eastern Avenue, Stemmers Run, and Eastern Boulevard. Having operated as Salvo Auto Parts for nearly 90 years, the property demonstrates a long-standing history of stable occupancy and an automotive use for the submarket, while offering immediate upside through the lease-up of the remaining vacant space.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Taille du bâtiment
9 000 pi²
Classe d’immeuble
B
Année de construction/rénovation
1942/2025
Prix
2 097 906 $ CAD
Prix par pi²
233,10 $ CAD
Taux de capitalisation
6,50%
Revenu net d’exploitation
136 364 $ CAD
Location
Unique
Hauteur du bâtiment
3 étages
Zone de développement économique
Oui
Impôts fonciers
| Numéro de lot | 15-1502574129 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 125 575 $ CAD | Évaluation totale | 125 575 $ CAD |
Impôts fonciers
Numéro de lot
15-1502574129
Évaluation du terrain
125 575 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
125 575 $ CAD
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