1425 N 9th St - Storefront FOR SALE


Stroudsburg, PA 18360
$700,000 USD
570-801-6170
1425 N 9th St, Stroudsburg, PA for Sale
$700,000 USD
Storefront - FOR SALE
1/6
null | 6.35% Cap Rate

1425 N 9th St
Stroudsburg, PA 18360


HIGHLIGHTS

  • NNN Lease with some landlord responsibility
  • Tenant Options to Renew
  • Tenant Options to Renew
  • Public Utilities
  • 6.25% CAP Rate
  • Planned Route 80 Interchange 1/4 mile away

OVERVIEW

Amazing retail/development/investment property site on the busiest commercial corridor in the area. Currently leased to Enterprise Rental Car, this site features a 2500+Sf building fully renovated in 2013 and well maintained. Current lease NOI of $43,755/yr , has renewal options through 2032. 6.35% CAP Rate. The stand-alone 2,560 SF building was renovated in 2013 and is housed by a single tenant; Enterprise Rental Cars/Trucks. Featuring a spacious office, storage area, and oversized wash bay, this building is well-maintained and very functional. Location is prime and a planned, new, highway interchange just a few parcels away make this a fantastic long-term investment opportunity. Surrounding development include; Best Buy, Old Navy, Panera, Olive Garden, Pet supply Plus, Five Guys, Five Below, St. Luke's, Lehigh Valley Oral Surgery, and many more businesses.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Enterprise Rental Car Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-2

APN/PARCEL ID

17.11.1.2-4

ASK ABOUT THIS PROPERTY

Jennifer MickensTACM Commercial Realty IncMore Info
570-801-6170

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Jennifer MickensTACM Commercial Realty IncMore Info
570-801-6170

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