651 Airport Rd - Auto Dealership FOR SALE


Hazle Township, PA 18202
$16,551,724 USD
332-345-4222
651 Airport Rd, Hazle Township, PA for Sale
$16,551,724 USD
Auto Dealership - FOR SALE
1/2
null | 7.25% Cap Rate

651 Airport Rd
Hazle Township, PA 18202


HIGHLIGHTS

  • Affluent Suburban Community
  • Compelling Location Fundamentals
  • Strong Academic Presence
  • Long Term NNN-Sale Leaseback | The site will be subject to a new 20-year lease commencing at close of escrow.
  • 20 Years of Renewal Options | There are 4, 5-year renewal options, with the potential of a 121% rental increase over 40 years

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Hazleton Honda located at 651 Airport Road, Hazle Township, PA 18202. The site consists of roughly 48804 rentable square feet of building space on an estimated 12.21-acre parcel of land. This Hazleton Honda is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $1,200,000 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$16,551,724 USD

PRICE/SF

$339 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

426

LAND DETAILS

LAND ACRES

12.21 AC

LAND SF

531,868 SF

ZONING

-

APN/PARCEL ID

26-S7-00A-053-000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.