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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
204 ft on Airport Rd

Amenities

  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Community Bank N.A.
Planet Fitness
Woodforest National Bank
ALDI
Truist
PNC Bank
Denny's
Perkins Restaurant & Bakery
Bonanza Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-S7-00A-053-000
Land Assessment
£955,058
Improvements Assessment
£6,244,342
Total Assessment
£7,199,401
  • Listing ID: 32971431

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 651 Airport Rd, Hazle Township, PA 18202

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