2020 Northwood Dr, Salisbury, MD 21801-7805

This exceptional 20,000 square foot industrial property, located at 2020 Northwood Drive in Salisbury, Maryland, presents a compelling investment opportunity. The property features a single-tenant, net-net-net (NNN) lease with Toroid, a strong credit tenant, providing significant financial stability. The current lease has a remaining term of 10.8 years, offering long-term income security. The property boasts a current net operating income (NOI) of $120,000 annually, with built-in rent increases of 10% every five years, ensuring consistent growth in cash flow. The NNN lease structure eliminates landlord responsibilities for structural and mechanical repairs, making this a truly hands-off investment. The property's flexible warehouse/office space is a rare find in the Eastern Shore market, particularly with a national credit tenant. Its location within an Enterprise Zone offers additional tax advantages. The building is in pristine condition, representing a low-risk, high-reward investment ideal for a 1031 exchange buyer seeking a passive income stream with significant long-term potential. This is a turnkey investment opportunity not to be missed. The asking price is $1,990,000.