Improved Commercial Land for Auction in Bel Air, Maryland
2126 N Fountain Green Rd Bel Air, MD 21015
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, January 6, 2025. Live On Site Auction - Thursday, January 9, 2025 at 11:00 AM. List price is opening bid only. $500,000 deposit required to bid. Triple net ground lease to Redner's Markets, Inc., dated January 30, 2008. The lease is within the original 20 year term ending September 20, 2028, with an annual rent of $487,410.25 NNN plus percentage rent. There are two options remaining comprising a total of 9 years 6 months. Tenant pays for all maintenance, insurance and annual real estate taxes. The seller is a ground lease tenant for 2111 Conowingo Road, also known as 2111-2113 Conowingo Road, which includes an ingress/egress point into Hickory Village Center and Redner's Market. 2111 Conowingo Road is sub-leased to Tamberino's Restaurant and Frozen Sandcastle on a NNN basis as detailed below. Ground lease payments and lease revenue from sub-tenants are effectively break-even.
Auction details
- Price
- $5,000,000 minimum
Location
- Street Address
- 2126 N Fountain Green Rd
- County
- Harford County
- Elevation
- 476 feet
Property details
- MLS Number
- TREND MDHR2037442
- Date Posted
Property taxes
- Recent
- $75,131
Parcels
- 1303335658
Detailed attributes
Listing
- Type
- Commercial Sale
Structure
- Materials
- Block
Exterior
- Parking Spots
- 100
- Parking
- Special Needs
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 7, 2024 | New listing | $5,000,000 | — | TREND |