489 Pottsville Saint Clair Hwy - Auto Repair FOR SALE
Pottsville, PA 17901 |
$1,363,636 USD
770-800-3035
489 Pottsville Saint Clair Hwy
Pottsville, PA 17901
HIGHLIGHTS
- This property may be purchased individually or as part of a five-property portfolio.
- Rare combination of new construction, low price point, attractive yield, long lease term, and investment grade credit (S&P: BBB).
- ~18 years remaining on this corporately backed Ground Lease by an Investment Grade Tenant - AutoZone (S&P: BBB).
- Brand new 2023 construction on an absolute nnn ground lease resulting in zero landlord responsibilities.
- AutoZone is paying $75,000 annually, which is equivalent to only $9.95/SF.
- 10% rent increases every 5 years (next scheduled for July 2028); Two additional 5-year renewal options extend the potential lease term through 2053.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 7,540?SF AutoZone located at 489 Pottsville St. Clair Hwy in Pottsville, PA. Constructed in 2023, this property is positioned on an Absolute Triple Net (NNN) Ground Lease, delivering zero landlord responsibilities and approximately 18 years of remaining term with a corporately backed, investment-grade tenant, AutoZone (S&P: BBB). Can be sold individually or part of a portfolio.Contact brokers for more details.
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
FOR SALE DETAILS
PRICE
$1,363,636 USD
PRICE/SF
$181 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone - Pottsville, PA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1955
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.91 AC
LAND SF
39,640 SF
ZONING
Commercial
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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770-800-3035
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770-800-3035
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