101 Blaine StLansdale, PA 19446

Property Details for 101 Blaine St

Year built

1960

Lot size

0.59 AC

Property size (Sq ft)

11,480 SF

Zone code

I

Property type

Warehouses

APN

11-00-00520-00-9

APU

110000520009

Description

This exceptional investment opportunity presents a single-tenant, NNN-leased auto shop in Lansdale, Pennsylvania. The property, located at 101 E Blaine St, comprises an 11,500-square-foot building on a 0.59-acre lot. Built in 1970, this one-story structure boasts a 24-foot ceiling height and ample parking with 14 spaces. Currently leased to Crash Champions, a nationally recognized collision repair operator, the lease agreement features a 12.6-year term, with 1.7 years remaining and a 1(5) year option. The lease commenced January 1, 2014, and expires July 31, 2026, with a 15% rent bump in the next option period. The tenant, a credit-rated entity with a corporate guarantee, provides significant financial stability. The property offers a compelling 8.00% cap rate and a current Net Operating Income (NOI) of $69,000, priced at $75 per square foot, totaling $862,500. The location benefits from its proximity to newly developed residential communities, with average household incomes exceeding $120,000 within a 5-mile radius. This presents a strong investment opportunity in a thriving market with a well-established tenant and significant upside potential. The property is classified as Industrial, Retail, and Special Purpose.

Location Insight

City

Lansdale

County

Montgomery

State

Pennsylvania

Latitude

40.2369

Longitude

-75.2857

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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