Net Leased Investment - Mr. Tire Auto Service Center - Salisbury, MD - 909 S Salisbury Blvd, Salisbury, MD 21801

The subject property is well located directly on US Rt. 13 situated between Salisbury University and Tidal Health (a regional health care center and top 100 hospital in the US). The property is only 2-blocks north of Salisbury University and surrounded by dozens of national retailers with very little turnover. Being just 2-blocks from the College Ave intersection the location offers convenient and easy access to US. Rt. 50 making it an excellent location for any retail-oriented business. Net leased Mr.​ Tire with a 50+ year history of being a Goodyear tire center showing the stability this well-located commercial property has.​ The property is situated in a high-demand area between Salisbury University and Tidal Health (a top 100 regional hospital).​ Mr.​ Tire, owned and operated by Monro Muffler Brake, a well-performing publically traded company entered the market 7-years ago after purchasing the existing business at this location.​ Mr.​ Tire is in their first 5-year lease option.​ They have 4 more lease options that run through 2043.​ This offering has excellent intrinsic value with good real estate in a high-demand proven location within the market with very little turnover.​ Potential upside exists if the tenant does not renew given their current rent is 40% +/- below market rent. Mr. Tire has over 300 locations in 12-states. Mr. Tire's parent company, Monro Muffler Brake, was formed 64-years ago in 1957 and now its brands operate in 32 states with nearly 1,300 locations nationwide.