651 Airport Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
651 Airport Rd
48,804 SF 4-Star Retail Building Hazle Township, PA 18202 £12,950,897 (£265/SF) 7.25% Net Initial Yield
Investment Highlights
- Affluent Suburban Community
- 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
NNN Pro is pleased to present the exclusive listing for a Hazleton Honda located at 651 Airport Road, Hazle Township, PA 18202. The site consists of roughly 48804 rentable square feet of building space on an estimated 12.21-acre parcel of land. This Hazleton Honda is subject to a 20-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
£12,950,897
Price Per SF
£265
Net Initial Yield
7.25%
NOI
£938,940
Tenancy
Single
Number of Floors
1
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 | £6,244,342 |
Land Assessment | £955,058 | Total Assessment | £7,199,401 |
PROPERTY TAXES
Parcel Number
26-S7-00A-053-000
Land Assessment
£955,058
Improvements Assessment
£6,244,342
Total Assessment
£7,199,401
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
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.