510-520 Salisbury Boulevard N

Description

Quality Cars Dealership Business For Sale - Owner Retiring -- The lease has renewal options out to 9/30/2011. The lease is currently $1,700 per month with 2% escalators. The cost of property taxes and insurance are split between the Landlord and tenant. There is an adjacent lot to the immediate south which also goes with this property. --I have a copy of the lease for review. The main deal point here beyond the business and equipment is the very low-cost lease locked in for 10 years. This is a tremendous bargain relative to similar auto-service dealership leases on this highway. --The property being sold is the business opportunity for the used car sales business known as +G+Quality Cars+G- located at 520 North Salisbury Boulevard, Salisbury, Maryland. The sale includes the existing business, transferable licenses and certifications, and all business equipment, including service tools and diagnostic equipment associated with the business. The sale also includes the assignment or transfer of the existing leasehold interest, including renewal options, to the Buyer. The leasehold interest is for the property identified in the tax records as Tax ID accounts 05-003024 and 05-009839. The property defined in the leasehold interest consists of a 10,458 sq ft parcel, an adjacent 2,375 sq ft parcel, and a building approximately 1,296 sq ft in size. Property Zoning is City of Salisbury C-1 Commercial.