For Sale
$1,650,000

614 Philadelphia BlvdAberdeen, MD 21001

High-Yield Retail Property w/ Pad Site

Overview

Added:
Feb 3
Days on market:
63
This exceptional investment opportunity features a 3,289 sq ft Precision Tune Auto Service Station in Aberdeen, MD, situated on a 0.84-acre lot. Built in 2005, the property boasts a corporately guaranteed, Double-Net (NN) lease with Precision Tune, a subsidiary of Icahn Automotive Group LLC, generating $82,039 annually. The lease has five years remaining, plus four 15% or CPI-adjusted renewal options (whichever is less), resulting in a 5% cap rate. An adjacent, paved 0.42-acre pad site is ready for immediate development, offering significant upside potential. Located near the intersection of South Philadelphia Blvd and James St, this high-traffic area sees over 34,000 vehicles daily. The property benefits from a strong demographic base, with over 45,600 people within a five-mile radius and proximity to major retailers including 7-Eleven, McDonald's, Lidl, Walmart, Wawa, Royal Farms, AutoZone, and Domino's Pizza. Aberdeen is Harford County's largest employer. An additional 1+ acre of land behind the site is also available for separate purchase. This turnkey investment offers strong cash flow and significant long-term growth potential.

Property Details for 614 Philadelphia Blvd

Property type
Retail properties
Square Feet
3,289 SF
Year Built
2005
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Aberdeen
County
HARFORD
State
Maryland
Latitude
39.5008
Longitude
-76.16983
614 Philadelphia Blvd, Aberdeen, Maryland

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614 Philadelphia Blvd
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