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TAKE 5 OIL CHANGE 18300 Conneaut Lake Rd

1,742 SF Retail Building Meadville, PA 16335 £1,564,900 (£898/SF) 6.50% Net Initial Yield

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Rent Increases Every 5-Years
  • Fee Simple Ownership of Land and Building allows for Depreciation
  • ±40,831 People within a 10-Mile Radius of the Property
  • Brand New Construction – Take 5 Oil Change 3-Bay Prototype
  • ±20,500 Vehicles Per Day on Conneaut Lake Rd
  • $89,720 Average Household Income in a 5-Mile Radius

Executive Summary

Broker of Record
Kyle Matthews
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,742 SF
Building Class
B
Year Built
2024
Price
£1,564,900
Price Per SF
£898
Net Initial Yield
6.50%
NOI
£101,719
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
0.83 AC
Frontage
201 ft on Conneaut Lake Road

Links

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Nearby Major Retailers

Giant Eagle
Citizens Bank
Starbucks
Hoss's Steak & Sea House
Applebee's
Five Guys
Perkins Restaurant & Bakery
Cracker Barrel Old Country Store
Snap Fitness
Ponderosa Steakhouse

PROPERTY TAXES

Parcel Number 65-0-052206 Improvements Assessment £3,404
Land Assessment £31,963 Total Assessment £35,368

PROPERTY TAXES

Parcel Number
65-0-052206
Land Assessment
£31,963
Improvements Assessment
£3,404
Total Assessment
£35,368
(424) 220-7244

  • Listing ID: 33949500

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 18300 Conneaut Lake Rd, Meadville, PA 16335

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© 2024 CoStar Group

TAKE 5 OIL CHANGE | 18300 Conneaut Lake Rd
(424) 220-7244 x

TAKE 5 OIL CHANGE | 18300 Conneaut Lake Rd

Joseph Nelson

(424) 220-7244

(424) 220-7244

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