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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 .
| DAYS ON MARKET | 47 | LAST UPDATED | 10/9/2024 |
|---|---|---|---|
| YEAR BUILT | 1996 | COMMUNITY | Wicomico Northwest (23-01) |
| COUNTY | WICOMICO | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Wicomico Northwest (23-01) |
|---|---|
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| TAXES | 27327 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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