Property Overview
Price/Rent PSF $ 1,275,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 4,085
Date Available 04/02/2019
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Description

Location
The property is conveniently located on East Joppa Road between I-695 exits "Loch Raven Blvd" and "Perring Parkway". This auto-based retail corridor features many auto parts & service businesses, title and tag companies, and a MVA Express. East Joppa road is a highly trafficked corridor that sees annual average daily traffic counts of 33,222 vehicles.

Sale
1772 East Joppa Road presents the opportunity to purchase current Midas Auto Repair Store & Garage in a prime auto-based retail corridor in Baltimore County. Business owner operates/owns multiple Midas Stores in Maryland. New 15-year lease signed on 1/24/19, NNN. Increases = 5% bump after year-5, 10% bump after year-10.

The property features a 6-door auto servicing garage that has been franchised owned and operated since 1982. The property is being sold AS-IS with all equipment, lifts, computers, and other relevant business materials in place. The garage doors have recently been replaced (November 2018), the parking lot was resurfaced and re-striped for 14 spaces (November 2018), and the roof was recently repaired and is in excellent condition. The pylon signage features a letter board and a large signage opportunity directly on Joppa Rd.

Location