Property Listing No Longer Available for Sale

201 West Bel Air Avenue, Aberdeen, MD

Retail for Sale - $1,588,000 - 3,957 Sq. Ft. on 0.5 acres


Property Info

CIMLS#122942
Location
  201 West Bel Air Avenue
  Aberdeen MD 21001
UpdatedAugust 27th, 2010
TypeRetail
Price$1,588,000
Building3,957 Sq. Ft.
Land0.5 acres

Property Description

This NBRS branch office is situated at the northeast corner of West Bel Air Avenue (Route 132) and Rogers Street in Aberdeen, Maryland. Across the street is a M&T Bank branch office and one block away is a Bank of America branch office. Surrounding the subject property is residential, small businesses and town offices including city hall, the police department, fire department and the Aberdeen Commerce Offices. National tenants in the immediate area include Wawa, Rite Aid, McDonald's, 7-Eleven, AutoZone, Advance Auto Parts and Exxon. The city of Aberdeen is located on U.S. Route 40 about 30 miles northeast of Baltimore. Aberdeen is a delightful city located just off of Maryland's beautiful Chesapeake Bay. The Aberdeen area features family oriented communities, gorgeous neighborhoods and many exciting leisure activities that compliment the relaxed bay lifestyle of Aberdeen. Aberdeen is a city in Harford County, Maryland and is part of the Baltimore-Towson Metropolitan Statistical Area (MSA), which is the twentieth-largest U.S. metropolitan area. The nearest city to Aberdeen is Havre de Grace, Maryland, 4.8 miles to the northeast. Aberdeen is home to the U.S. Army's Aberdeen Proving Ground (APG). APG is headquarters of the United States Army Test and Evaluation Command (ATEC). The proving ground occupies more than 72,500 acres in Harford County. More than 7,500 civilians and 5,000 military personnel work at APG. It also is the home of leading businesses, including Frito-Lay, Clorox, Saks Fifth Avenue, Rite Aid, Pier 1 Imports, which value Aberdeen


Financials

Marcus & Millichap exclusively presents the opportunity to acquire a new 14-year, fee-simple lease with National Bank of Rising Sun (NBRS), which is located at the signalized intersection of West Bel Air Avenue (Route 132) and North Rogers Street in Aberdeen, Harford County, Maryland. NBRS is a publicly traded company with a shareholders equity north of $10,000,000. At a purchase price of $1,588,000, an investor will expect to earn a 7.75 percent return in year one of ownership. The lease is triple-net, with the tenant responsible for all expenses including taxes, insurance, common area, building maintenance, roof and structure. There are no landlord responsibilities whatsoever. The lease is corporately guaranteed by NBRS Financial Bank. The property consists of 3,957 square feet and was built in 1963. This property benefits from being surrounded in a one-block radius around the town's library, city hall, police station, fire station and festival park. Located less than five minutes south of the site is the Aberdeen Proving Ground (APG). APG is Harford County's largest employer with more than 16,000 civilian, military and contractor employees. NBRS has been in business since 1873. NBRS Financial is one of only two banks in the state of Maryland to stay open and solvent during the years of the Great Depression. Since 1999, NBRS has successfully expanded to an institution with eight branches, including one in Pennsylvania.

Debt in place may be assumable. Contact agent for more details and full offering package.