Listed by SVN | Miller Commercial Real Estate Salisbury
$450,000
Stand Alone Daycare- Operate or Enjoy Income
Details
Property Type Special Purpose
Sub Type Day Care/Nursery
Square Footage 4,012
Units 1
Cap Rate 9.27%
NOI $41,700
Tenancy Single
Lease Type NN
Price per SqFt $112
Year Built 2002
Acreage 0.920
Zoning Light Industrial
1945 Northwood Dr, Salisbury, MD 21801
Marketing description
5 year NN Lease commenced 8/1/2026 with a one time termination clause for Buyers opening this offering to either an Investor, potential Day Care Operator, or the building with its Light Industrial zoning could be repurposed into a new use. Current Tenant has been in this location since 2018.
Location Description
From US Route 13 Business (Salisbury Boulevard), turn onto Northwood Drive and proceed approximately 1.0 mile. Property will be on the right.
Investment highlights
- Monthly rent is $3,500.00 NN with the Tenant responsible for all CAM.
- Landlord responsibilities include the roof, structure, and HVAC repairs over $1,500 per year.
- Floor plan and Lease are in the documents tab.
Listing Contacts
Listed by SVN | Miller Commercial Real Estate Salisbury
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,700.00
$3,475.00/mo
Valuation Metrics
0
DSCR
9.27%
Cap Rate
9.27%
ROI
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Property History
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