614 S Philadelphia Boulevard
Aberdeen, MD 21001

The Feazell Commercial Group is pleased to present for sale a Precision TuneAuto Service Station plus adjacent pad site located in Aberdeen, MD just 30miles North of Baltimore City. Custom built by landlord for tenant in 2005,the property consists of a freestanding building with a Gross Leasable Area(GLA) of 3,289 square feet situated on a .84-acre lot. Precision Tuneoccupies roughly 1/2 of this lot and the other 1/2 is a paved padsite readyto go for another free standing building of similar size. Precision Tune is paying $71,338/yr on a corporately guaranteed, Double-Net (NN) lease with 6.5years remaining on their original lease term (July 2029 expiration) and fourremaining options to renew with 15% increases or CPI whichever is less. TheCap rate is 4.32% and includes the paved padsite next door to the PrecisionTune which is tenant-ready. The lease is guaranteed by PTAC which is ownedby parent company Icahn Automotive Group LLC. The lease is set to increase in 2024 and will bump up the yield to a 4.99% cap rate. Aberdeen as a city is thelargest employer in Harford County MD. This Precision Tune is located near theintersection of South Philadelphia Blvd and James St and has an average dailytraffic count of 34,000+ vehicles per day. The property is in an area with apopulation of over 45,600 people living within a five-mile radius. Major retailtenants and points of interest in close proximity include: 7-Eleven, McDonalds,Lidl, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The property's corporate guarantee and strategic location make this Precision Tune anattractive investment opportunity. Additional 1+/- acre of usable land behindthe site available for sale as well separately.