Leased Automotive Service Corner
21730 Great Mills Lane Lexington Park, MD 20653
21730 Great Mills Lane, Lexington Park, MD, 20653
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For Sale
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Mr. Tire operates under a double-net lease with 6+ years remaining and two 10-year options.
Property Size2,440 SF
Price / SF$650.91
Days on Market84
Property Features for 21730 Great Mills Lane
General Information
- Standard status
- Active
- Size
- 2,440 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing agency
Horvath & Tremblay
Listed by
Kyle Danielson · License #9538605
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 2:57AM Checked: Jul 21 at 2:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
This leased automotive service property is occupied by Mr. Tire under a double-net agreement. The tenant has 6+ years remaining on the current term and two (2) separate 10-year renewal options. The lease provides for an 8% rent increase in 2028, with annual CPI increases during the option periods. The lease is fully guaranteed by Mr. Tire’s parent company, Monro, Inc. Monro, Inc. is publicly traded (NASDAQ: MNRO). The lease is structured so the tenant is responsible for operating expenses, including real estate taxes, insurance, and common area maintenance. The tenant is also responsible for the roof membrane, while the landlord is responsible for the roof decking and structure.
The property is located on a signalized corner at the intersection of Great Mills Road and Shangri-La Drive, with access from both roads and prominent signage. It sits directly across the street from a Big Lots-anchored retail center. The Patuxent River Naval Air Station is just over 1,000 feet away, and retail demand in the surrounding trade area includes major regional operators listed in the remarks. Vehicle counts include more than 24,200 vehicles per day at the Great Mills Road and Shangri-La Drive intersection and over 38,000 vehicles per day at the Great Mills Road and Three Notch Road intersection.
The property is located on a signalized corner at the intersection of Great Mills Road and Shangri-La Drive, with access from both roads and prominent signage. It sits directly across the street from a Big Lots-anchored retail center. The Patuxent River Naval Air Station is just over 1,000 feet away, and retail demand in the surrounding trade area includes major regional operators listed in the remarks. Vehicle counts include more than 24,200 vehicles per day at the Great Mills Road and Shangri-La Drive intersection and over 38,000 vehicles per day at the Great Mills Road and Three Notch Road intersection.
Key Highlights
- Mr. Tire operates under a double‑net (NN) lease with 6+ years remaining and two 10‑year renewal options.
- Lease includes an 8% rent increase in 2028 plus annual CPI increases during option periods.
- Tenant has a fully guaranteed lease by Monro, Inc. (NASDAQ: MNRO), a publicly traded company.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Auto shop - Mr. Tire operates under a double-net lease with 6+ years remaining and two 10-year options.
Where is this auto shop located?
The property is located at 21730 Great Mills Lane Lexington Park, MD.
What is the asking price?
The asking price for this property is $1,588,222.
What are key features of this property?
This property features: Mr. Tire operates under a double‑net (NN) lease with 6+ years remaining and two 10‑year renewal options.; Lease includes an 8% rent increase in 2028 plus annual CPI increases during option periods.; Tenant has a fully guaranteed lease by Monro, Inc. (NASDAQ: MNRO), a publicly traded company.
