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 11:00 AM. 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 Bel Air area of central Harford County, along the south side of N. Fountain Green Road, between the Hickory/Belair Bypass (US-1) and Conowingo Road. The site is located at the front of the Hickory Village Center, a retail development containing a Redner’s grocery store and First National Bank, and is bordered by independent restaurants and other businesses. Daily traffic counts (AADT) are 7,491 cars on N. Fountain Green Road, 11,973 cars on Conowingo Road and 23,443 on the Hickory/Belair Bypass, according to MDOT online mapping. The immediate area is a mixture of community service businesses, surrounded by extensive residential development. Downtown Bel Air is about thee miles south of the site.

Rental Info: Triple net ground lease to The Harloe Management Corporation, dated August 20, 1998 and assigned in 2018 to Burgers of Baltimore II, LLC. The restaurant is operated by Burgers of Baltimore #12816, an independent operator. The current lease is in the first five-year extension period, running through December 2024, with an annual rent of $83,952.30 NNN. There are 3 remaining five-year options at increased rentals. The extension beginning 1/1/2025 has an annual rent of $96,545.15 NNN. Tenant pays for all maintenance, insurance and annual real estate taxes.