Salisbury, MD – The Napa Auto Parts store in Salisbury was a 20,204 SF building at 651 Roland Street. The Pocomoke store was a 6,300 SF building at 1238 Ocean Highway.
Through detailed analysis and evaluation of the properties and the new leases that were in place, the McClellan Team was able to develop a comprehensive marketing effort by which they garnered multiple offers and were able to put both properties under contract within about one month of listing. The buyer was an out of state investment group seeking to grow their regional holdings and had a strong preference for single tenant retail users.
“Myself and partner, Kelly Jeter, facilitated the extensive, yet timely due diligence process, and our client was able to successfully close on both properties within the quick contract timeline. The buyer was pleased to acquire these low maintenance investments with new 5-year leases and our client was pleased to complete a timely disposition at a desirable sales price,” said John McClellan.
The seller commented, “I have worked with John and his team for many years. For me, hiring John and SVN | Miller was a no brainer. His network and national reach contributed to multiple offers and a successful transaction. I truly feel John always had my best interest in mind and I am pleased the McClellan Team was able to deliver on both the sales of the Napa stores as well as advising on reinvestment efforts.”
If The McClellan Team can assist you with your real estate needs, email
john.mcclellan@svn.com or call 410.543.2440.
