Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 25, 2023. Live Onsite Auction - Wednesday, September 27, 2023 at 12:30 PM. List price is opening bid only. $75,000 cashier's check deposit required to bid. Triple net ground lease to Davco Restaurants, Inc., dated August 25, 2005 and assigned in 2020 to NPC Quality Burgers, Inc. (national corporate franchisor). The restaurant is operated by Wend Baltimore North, LLC a subsidiary of Flynn Restaurant Group. Current lease runs through September 2028, with 3 five-year options at increased rentals. Tenant pays for all maintenance, insurance and annual real estate taxes.The property is situated in the Bel Air area of central Harford County, along the west side of Conowingo Road, one block south of East-West Highway (MD-23) and one block west of Bel Air Bypass (US-1) with good visibility from both major roads. Daily traffic counts are 11,743 cars on East-West Highway and 23,443 on Bel Air Bypass, according to MDOT online mapping. The immediate area is a mixture of community service businesses, surrounded by extensive residential development. Downtown Bel Air is about one mile south of the site.
Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, September 25, 2023. Live Onsite Auction - Wednesday, September 27, 2023 at 12:30 PM. List price is opening bid only. $75,000 cashier's check deposit required to bid. Triple net ground lease to Davco Restaurants, Inc., dated August 25, 2005 and assigned in 2020 to NPC Quality Burgers, Inc. (national corporate franchisor). The restaurant is operated by Wend Baltimore North, LLC a subsidiary of Flynn Restaurant Group. Current lease runs through September 2028, with 3 five-year options at increased rentals. Tenant pays for all maintenance, insurance and annual real estate taxes.The property is situated in the Bel Air area of central Harford County, along the west side of Conowingo Road, one block south of East-West Highway (MD-23) and one block west of Bel Air Bypass (US-1) with good visibility from both major roads. Daily traffic counts are 11,743 cars on East-West Highway and 23,443 on Bel Air Bypass, according to MDOT online mapping. The immediate area is a mixture of community service businesses, surrounded by extensive residential development. Downtown Bel Air is about one mile south of the site.
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