Listing Courtesy: Rinnier Development Co - 410-742-8151
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 .
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Last Updated: 2025-01-08 08:00:40
Market statistics compiled from data from Bright MLS.
EXIT ON THE BAY REALTY
122 Cedar Street, Cambridge, MD 21613