614 Philadelphia BlvdAberdeen, MD 21001

Property Details for 614 Philadelphia Blvd

Year built

2005

Lot size

0.84 AC

Property size (Sq ft)

3,025 SF

Zone code

B3

Property type

Auto shops

APN

02-398086

APU

2398086

Description

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.

Location Insight

City

Aberdeen

County

Harford

State

Maryland

Latitude

39.5009

Longitude

-76.1698

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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