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2105 E Joppa Rd
Parkville, MD 21234
Jiffy Lube 15-yr Corporate Deal | 10% Bumps · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,936 SF
Building Class
B
Year Built
1983
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.36 AC
Zoning
BL
Parking
15 Spaces (9.49 Spaces per 1,000 SF Leased)
Frontage
50’ on Joppa Rd
Amenities
- Signage
- Drive Thru
About 2105 E JOPPA RD , PARKVILLE, MD 21234
Rare, Corporate lease with Jiffy Lube International, Inc, which is a subsidiary of Shell Oil. Shell Oil (Global) and Shell North America both carry A credit ratings from S&P. Jiffy Lube has been in business at this location for over 35 years and has very strong Rent to Sales ratio's. Recently signed a lease extension for 15 additional years. Making firm term expire in December of 2032. Absolute NNN lease; means no responsibilities from landlord. Fee simple ownership of the land and building may account for accelerated depreciation (contact your accountant for details). 10% rental increases every 5 years including three (3), five (5) year option terms. Located in a busy retail area with other nationally recognized tenants.
Property Taxes
| Parcel Number | 09-1700011888 | Improvements Assessment | $971,600 |
| Land Assessment | $475,300 | Total Assessment | $1,446,900 |
Property Taxes
Parcel Number
09-1700011888
Land Assessment
$475,300
Improvements Assessment
$971,600
Total Assessment
$1,446,900
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