For Sale
$1,750,000

805 Front StPhilipsburg, PA 16866

Philipsburg, PA: Net Lease Auto Shop

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,324 square foot AutoZone retail property located at 805 N Front St, Philipsburg, PA 16866. The property sits on a 0.89-acre lot and boasts a strong location with an average daily traffic count of 15,097 vehicles. Built in 2010, this Net Lease (NN) property features a corporate AutoZone tenant with a lease commencing April 29, 2009, and expiring July 31, 2035, providing a substantial remaining lease term of approximately 10.7 years. The lease includes attractive 1.50% annual rent increases and two 5-year options, each with the same annual increase. The current annual net operating income (NOI) is $105,000, resulting in a 6.00% cap rate at the asking price of $1,750,000. The low rent of $14.34 per square foot further enhances the investment potential. The property benefits from its proximity to other national retailers such as McDonald's, Taco Bell, Family Dollar, and CVS, indicating a strong retail corridor. Philipsburg, located in central Pennsylvania, offers a desirable location with access to outdoor recreational opportunities in nearby state parks and forests. The surrounding area boasts an average household income of $79,103 and a population of 14,288 within a 5-mile radius, supporting consistent consumer traffic. AutoZone, a national brand with over 6,400 locations and $17.5 billion in revenue, provides a stable and reliable tenant with an S&P rating of BBB. This property represents a compelling investment opportunity with significant long-term potential.

Highlights

  • Corporate AutoZone with 11 years remaining on lease, 1.5% annual rent increases.
  • Investment-grade tenant (AutoZone, S&P BBB rating) with strong financial performance ($17.5B revenue, 6,400+ locations).
  • Low rent of $14.34/SF.
  • High-traffic location (15,097 VPD) on North Front Street with strong co-tenancy (Taco Bell, McDonald's, Dunkin', etc.).
  • Densely populated trade area (14,288 population, $79,103 avg. household income within 5 miles).
  • Located in Philipsburg, PA, near several state parks.

Property Details for 805 Front St

Property type
Retail properties, Auto shops
Square Feet
7,324 SF
Year Built
2010
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Philipsburg
County
Clearfield
State
Pennsylvania
Latitude
40.924248
Longitude
-78.23605
805 Front St, Philipsburg, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
805 Front St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message