For Sale
$16,551,724
651 Airport Rd Hazle Township, PA 18202
High-yield auto dealership investment. 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- NNN Sale-Leaseback with a new 20-year lease.
- 2% annual rent increases, totaling a 49% increase over the lease term.
- Four 5-year renewal options, potentially increasing rent by 121% over 40 years.
- Corporate guarantee from Timbrook Management, operating multiple dealerships across PA, MD, and WV.
Property Details for 651 Airport Rd
- Property type
- Retail properties, Auto shops
- Square Feet
- 48,804 SF
- Year Built
- 2016
- Lot Size (sq. ft)
- 531,868 SF
Location Insight
- City
- Hazle Township
- County
- Luzerne
- State
- Pennsylvania
- Latitude
- 40.9886193
- Longitude
- -76.0077637
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield auto dealership investment. 20-year lease.
- Where is the retail property located?
- The property is located at 651 Airport Rd Hazle Township, PA.
- What is the asking price?
- The asking price for this property is $16,551,724.
- What are key features of this property?
- This property features: NNN Sale-Leaseback with a new 20-year lease.; 2% annual rent increases, totaling a 49% increase over the lease term.; Four 5-year renewal options, potentially increasing rent by 121% over 40 years.
- 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 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 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].
Visit Broker Website