651 Airport Rd - Auto Dealership FOR SALE


Hazle Township, PA 18202
$20,000,000 USD
332-345-4222
651 Airport Rd, Hazle Township, PA for Sale
$20,000,000 USD
Auto Dealership - FOR SALE
1/2
null | 6% Cap Rate

651 Airport Rd
Hazle Township, PA 18202


HIGHLIGHTS

  • Corporate Guarantee from Experienced Dealer Group
  • 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

Surmount is pleased to present the exclusive listing to acquire the fee simple interest in the land and building of Hazleton Honda located at 651 Airport Road, Hazle Township, PA 18202. The site consists of roughly 48,804 rentable square feet of building space on an estimated 12.21-acre parcel of land. This Hazleton Honda will be subject to a 20 Years-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

$20,000,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Honda

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 KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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