Log In/Sign Up
Your email has been sent.
Honda 651 Airport Rd 48,804 SF 4-Star Retail Building Hazle Township, PA 18202 $27,918,401 CAD ($572.05 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee from Experienced Dealer Group
- Strong Academic Presence
- 20 Years of Renewal Options | There are 4, 5-year renewal options, with the potential of a 121% rental increase over 40 years
- Compelling Location Fundamentals
- Long Term NNN-Sale Leaseback | The site will be subject to a new 20-year lease commencing at close of escrow.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
48,804 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$27,918,401 CAD
Price Per SF
$572.05 CAD
Cap Rate
6%
NOI
$1,675,104 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
12.21 AC
Parking
426 Spaces (8.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-S7-00A-053-000 | Improvements Assessment | $11,260,486 CAD |
| Land Assessment | $1,722,267 CAD | Total Assessment | $12,982,752 CAD |
PROPERTY TAXES
Parcel Number
26-S7-00A-053-000
Land Assessment
$1,722,267 CAD
Improvements Assessment
$11,260,486 CAD
Total Assessment
$12,982,752 CAD
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Honda | 651 Airport Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.