3050 Easton Ave Bethlehem, PA 18017

This exceptional investment opportunity presents a 14,860-square-foot, single-tenant net-leased Caliber Collision auto shop in Bethlehem, Pennsylvania. Located on Easton Avenue (13,900 vehicles per day), this property boasts a new 15.4-year lease (expiring March 31, 2040) with two 5-year renewal options and 2.5% annual rent increases. The tenant, Caliber Collision, the largest collision repair company in the US, recently completed over $1.3 million in tenant improvements. The property sits on a 2.72-acre lot and benefits from a high-traffic location near major retailers like Giant, Petco, and CVS, as well as Freedom High School and Northampton Community College. The surrounding area has a strong demographic profile, with over 158,000 residents within a five-mile radius and an average household income exceeding $113,000 within three miles. The property offers a 6.25% cap rate and a strong NOI of $312,000, making it an attractive investment with significant upside potential. Built in 1995 and renovated in 2024, this property represents a stable, long-term investment in a thriving market. The asking price is $4,992,000, with a price per square foot of $335.94. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a national leader in the collision repair industry.