958 S Krocks Rd
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958 S Krocks Rd
9,184 SF Retail Building Allentown, PA 18106 £2,883,094 (£314/SF) 5.35% Net Initial Yield
Investment Highlights
- Double net (NN) lease with minimal landlord responsibilities
- Lease is guaranteed by CVS Health Corporation
- One 4-year option available with an 18.00% rent increase in 2033
- Signaled corner location
Executive Summary
• Double net (NN) lease with minimal landlord responsibilities
• One 4-year option available with an 18.00% rent increase in 2033
• Lease is guaranteed by CVS Health Corporation
• Located along a major retail corridor
• Over $95,000 of average household income within a 10-mile radius
• Over 142,000 households within a 10-mile radius
• Over 368,000 residents within a 10-mile radius
• Located on S. Krocks Road, which has a daily traffic count of 4,678 vehicles per day
• Located adjacent to Hamilton Blvd, a daily traffic count of 12,875 vehicles per day
• 41 Parking Spaces
• Drive-Thru Pharmacy
• Signaled corner location
• 17-minute drive to Lehigh Valley International Airport
• One 4-year option available with an 18.00% rent increase in 2033
• Lease is guaranteed by CVS Health Corporation
• Located along a major retail corridor
• Over $95,000 of average household income within a 10-mile radius
• Over 142,000 households within a 10-mile radius
• Over 368,000 residents within a 10-mile radius
• Located on S. Krocks Road, which has a daily traffic count of 4,678 vehicles per day
• Located adjacent to Hamilton Blvd, a daily traffic count of 12,875 vehicles per day
• 41 Parking Spaces
• Drive-Thru Pharmacy
• Signaled corner location
• 17-minute drive to Lehigh Valley International Airport
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
9,184 SF
Building Class
B
Year Built
1998
Price
£2,883,094
Price Per SF
£314
Net Initial Yield
5.35%
NOI
£154,246
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
1.17 AC
Zoning
C
Parking
41 Spaces (4.46 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 547544716255-1 | Improvements Assessment | £861,430 (2024) |
| Land Assessment | £381,324 (2024) | Total Assessment | £1,242,754 (2024) |
PROPERTY TAXES
Parcel Number
547544716255-1
Land Assessment
£381,324 (2024)
Improvements Assessment
£861,430 (2024)
Total Assessment
£1,242,754 (2024)
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Marcus & Millichap
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958 S Krocks Rd
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