For Sale
$9,931,034

2018 Lincoln Way Chambersburg, PA 17202

High-yield auto dealership investment.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 31,240-square-foot, newly constructed (2024) Chambersburg, PA auto dealership on a 5.26-acre lot. Located at 2018 Lincoln Way E, Chambersburg, PA 17202, the property boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $720,000. The property is currently operating at 100% occupancy under a 20-year NNN lease with a corporate guarantee from a reputable operator with a proven track record. The lease includes a 2% annual rent increase, projecting a 49% rent increase over the initial 20-year term. Furthermore, four 5-year renewal options are included, potentially leading to a 121% rental increase over a 40-year period. This presents a secure, long-term investment with significant potential for future income growth. The asking price is $9,931,034, translating to $317.89 per square foot. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and exceptional long-term growth prospects. The property is classified as retail, with subtypes of auto shop and storefront.

Highlights

  • New 20-year NNN leaseback commencing at closing.
  • 2% annual rent increases, totaling a 49% increase over the initial lease term.
  • Four 5-year renewal options with potential for a 121% rent increase over 40 years.
  • Corporate guarantee from Timbrook Management, a reputable operator of over 15 dealerships.

Property Details for 2018 Lincoln Way

Property type
Retail properties, Retail space
Square Feet
31,240 SF
Year Built
2024
Lot Size (sq. ft)
229,126 SF

Location Insight

City
Chambersburg
County
Franklin
State
Pennsylvania
Latitude
39.9199684
Longitude
-77.5915763

FAQs

What type of property is this?
Retail property - High-yield auto dealership investment.
Where is the retail property located?
The property is located at 2018 Lincoln Way Chambersburg, PA.
What is the asking price?
The asking price for this property is $9,931,034.
What are key features of this property?
This property features: New 20-year NNN leaseback commencing at closing.; 2% annual rent increases, totaling a 49% increase over the initial lease term.; Four 5-year renewal options with potential for a 121% rent increase 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.
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2018 Lincoln Way
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