9519 PHILADELPHIA RD Rosedale, MD 21237

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, January 29, 2024. Live On Site Auction - Thursday, February 1, 2024 at 1:15 pm. List price is opening bid only. $100,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction.

The property is situated at the southeast corner of Philadelphia Road (MD-7) and Middle River Road in the Rosedale area of eastern Baltimore County. Daily traffic counts (AADT) are 18,711 along Philadelphia Road and 16,134 along Middle River Road, according to MDOT online mapping. The immediate area is mixed commercial and residential use. The property sits opposite the Kings Court Shopping Center, a retail center anchored by Tractor Supply. A 7-11 and King’s Court Townhomes are along the other two corners of the intersection. The intersection of the Baltimore Beltway (I-695) and I-95 is approximately 2 miles south.

Rent Info: Triple net ground lease to SK Properties, LTD, dated November 3, 1996, assigned to Philadelphia Road CVS, Inc., then to Middle River CVS, Inc. and subsequently to Maryland CVS Pharmacy, LLC via merger in 2010. The current lease is in the second five-year extension period, running through November 2027, at an annual rent of $88,578 (NNN). There are 4 five-year renewal options at substantially increased rentals remaining. Tenant pays for all maintenance, taxes and insurance.