131 S Franklin St - Auto Repair FOR SALE


Chambersburg, PA 17201
$700,000 USD
508-272-0585
131 S Franklin St, Chambersburg, PA for Sale
$700,000 USD
Auto Repair - FOR SALE
1/4
null | 6% Cap Rate

131 S Franklin St
Chambersburg, PA 17201


HIGHLIGHTS

  • NEARLY 30 YEARS OF CONTINUOUS OCCUPANCY - Firestone has operated continuously at this location since 1996, demonstrating a long-term commitment to the
  • ATTRACTIVE BASIS – APPROXIMATELY $87 PSF - Offered at approximately $87 PSF, the acquisition basis is well below replacement cost, creating an attract
  • CORPORATE GUARANTY - BRIDGESTONE RETAIL OPERATIONS, LLC - The lease is corporately guaranteed by Bridgestone Retail Operations, LLC, the U.S. retail o

OVERVIEW

- NEARLY 30 YEARS OF CONTINUOUS OCCUPANCY - Firestone has operated continuously at this location since 1996, demonstrating a long-term commitment to the site and surrounding trade area. The tenant has exercised multiple renewal options under the lease, reinforcing the property's strategic importance within Bridgestone's national retail network. - ATTRACTIVE BASIS – APPROXIMATELY $87 PSF - Offered at approximately $87 PSF, the acquisition basis is well below replacement cost, creating an attractive entry point with flexibility for future leasing, redevelopment, or repositioning. - CORPORATE GUARANTY - BRIDGESTONE RETAIL OPERATIONS, LLC - The lease is corporately guaranteed by Bridgestone Retail Operations, LLC, the U.S. retail operating subsidiary of Bridgestone Corporation (TYO: 5108), providing investors with stable cash flow backed by an investment-grade global tire and automotive services company. - LOW IN-PLACE RENT OF $5.89 PSF - The property is leased at just $5.89 PSF, representing a low occupancy cost that supports long-term store profitability while reducing future rollover risk and enhancing renewal probability. - STRATEGIC TRI-STATE POSITIONING | CENTRAL PA TRADE AREA - Strategically located in Chambersburg, PA — within 25 miles of Hagerstown, MD and Gettysburg, PA, and 55 miles from Harrisburg — the site captures a regional service catchment along W Loudon Street (14,054 AADT) with a five-mile trade area of 51/k residents and $93K average household income. - NECESSITY-BASED AUTOMOTIVE SERVICE TENANT - Firestone Complete Auto Care provides essential automotive maintenance and repair services that benefit from recurring, non-discretionary consumer demand and are largely insulated from e-commerce disruption.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

05-1B64-125-000000

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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