614 S Philadelphia Blvd Aberdeen, MD 21001

Property Details for 614 S Philadelphia Blvd

Year built

2005

Lot size

0.84 lot acres

Property size

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.