305 MOUNTAIN RD Fallston, MD 21047

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 12:15 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 in the Fallston area of Harford County, at the corner of Belair Road and Mountain Road. Daily traffic counts (AADT) are 24,943 along Mountain Road and 30,143 along Belair Road (US-1), according to MDOT online mapping. The immediate area is predominantly retail, including local and national restaurants, a grocery store, automotive and service businesses. The larger surrounding area is mostly suburban with some larger farms mixed-in. Downtown Belair is approximately 3 miles north, and I-95 is approximately 4 miles south.

Rent Info: Triple net ground lease to The Fallston Village Center, LLC dated June 25, 2018. The current lease is in the second five-year lease term, running through July 2028, with an annual rent of $66,000 NNN. Operated by Burgers of Baltimore. There are 2 remaining five-year options at increased rentals. The store was operated by Harloe Management from 1996 to 2018. Tenant pays for all maintenance, insurance and annual real estate taxes. Tenant has a right of first refusal for purchase of the property for $900,000 at the end of the lease term.