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AutoZone - Pottsville, PA 489 Pottsville Saint Clair Hwy 7,540 SF Retail Building Pottsville, PA 17901 $1,879,772 CAD ($249.31 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This property may be purchased individually or as part of a five-property portfolio.
- ~18 years remaining on this corporately backed Ground Lease by an Investment Grade Tenant - AutoZone (S&P: BBB).
- AutoZone is paying $75,000 annually, which is equivalent to only $9.95/SF.
- Rare combination of new construction, low price point, attractive yield, long lease term, and investment grade credit (S&P: BBB).
- Brand new 2023 construction on an absolute nnn ground lease resulting in zero landlord responsibilities.
- 10% rent increases every 5 years (next scheduled for July 2028); Two additional 5-year renewal options extend the potential lease term through 2053.
EXECUTIVE SUMMARY
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
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,540 SF
Building Class
C
Year Built
1955
Price
$1,879,772 CAD
Price Per SF
$249.31 CAD
Cap Rate
5.50%
NOI
$103,387 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.91 AC
Zoning
Commercial - Commercial
Frontage
42’ on Pottsville St Clair Hwy
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Auto Zone
- Services
- 7,540 SF
- $13.72 CAD
- Jun 2043
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Auto Zone | Services | 7,540 SF | $13.72 CAD | Jun 2043 |
NEARBY MAJOR RETAILERS
CONTACTS
-
Luke Wakefield -
Griffin Reath -
Thomas Gorman -
Sands Investment Group Atlanta, LLC
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AutoZone - Pottsville, PA | 489 Pottsville Saint Clair Hwy
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