Maryland
Salisbury
2020 NORTHWOOD DRIVE

$1,990,000

2020 NORTHWOOD DRIVE, Salisbury, MD 21801

Commercial Property
Built in 1996
—— sqft lot
—— car garage
$——/sqft
Listed 9 months ago

Property Description

Single tenant NNN Lease with strong credit tenant, Toroid. There are currently 10.8 years left on the initial lease term. Current NOI is $120,000 NNN with 10% increases every 5 years. There are no Landlord Responsibilities, as tenant maintains all structural and mechanical repairs. This hands-free would be an ideal replacement property for a 1031 buyer. 20,000 SF of pristine flex (Warehouse/Office space is rare to find in the Eastern Shore Marketplace, especially one supported by a strong national credit tenant. In addition, this property is also located in an Enterprise Zone and is in exceptional shape .

Listing Status:: Active
Date Added:: October 9, 2024 at 05:00AM
Listing Office:: Rinnier Development Co : 4107428151
Listing Agent:: Matthew Trader : 4107428151
MLS ID:: MDWC2015442

A/C: Other
Heating: YOtherOther
Disability Feature: 2+ Access Exits

This listing courtesy of Matthew Trader, Rinnier Development Co

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

North Salisbury Elementary School

1213 Emerson Ave, Salisbury, MD, 21801

Grades 3-5

1.25 miles away

Salisbury Middle School

607 Morris St, Salisbury, MD, 21801

Grades 6-8

1.53 miles away

Wicomico High School

201 Long Ave, Salisbury, MD, 21804

Grades 9-12

2.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.