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Mixed-Use

Lakeside Gas Station and Self Storage

7605 Interchange Rd, Lehighton, PA 18235

Listing Price: $7,000,000

Cap Rate
6.00%
Rentable SF
15,000
Lot Size
4.00 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively present Lakeside Gas & Storage Plaza, located at 7605 Interchange Rd in Lehighton, Pennsylvania. The Subject Property consists of 8 Fueling Stations, a Convenience Store [5,324 SF], and an Auto Garage [2,798 SF]. Ownership has invested approximately $700k to $800k in renovations and capital expenditures since its acquisition. In addition to the gas station, the Subject Property also has a self-storage facility managed by ownership, known as Lakeside Self-Storage. Lakeside Self-Storage contains 297 Units, ranging in size from 5’ x 5’ to 10’ x 20’. They currently maintain occupancy of 82.2%. Ownership has re-stabilized the self-storage component through renovations and capital expenditures, increasing the occupancy by 71.4% since early 2022. Lakeside Self-Storage occupies 20,475 SF. Located in Lehighton, the Subject Property is directly next to Beltzville State Park Boat Launch, making it a convenient location for boaters and visitors. Beltzville State Park, a 3,002-acre park in Carbon County, sees more than half a million visitors annually. The park is open year-round. The three major Lehigh Valley cities of Allentown, Bethlehem, and Easton make up the Allentown-Bethlehem-Easton metropolitan area. The Lehigh Valley is located around 80 miles (129 km) east of the Pennsylvania capitol Harrisburg, 60 miles (96 km) north of Philadelphia, the country’s fifth-largest city, and 80 miles (144 km) west of the New York Metropolis, the country’s largest city.

Investment Highlights

  • Absolute NNN - Sale Leaseback Transaction
  • Approximately $700k-$800K Invested by Ownership in Renovations and CapEx.
  • 297 Storage Units with 82.2% Occupancy
  • 24/7 Gas Station 7 Minutes From I-476
  • Convenient Location - Gas Station is Directly Next to the Beltzville State Park Boat Launch
  • Surge in Development on Route 209 - High Demand for Property and Land

Exclusively Listed By

Financing By

Mixed-Use

Lakeside Gas Station and Self Storage

Listing Price: $7,000,000

Cap Rate
6.00%
Rentable SF
15,000
Lot Size
4.00 acres
Year Built
2004

Investment Highlights

  • Absolute NNN - Sale Leaseback Transaction
  • Approximately $700k-$800K Invested by Ownership in Renovations and CapEx.
  • 297 Storage Units with 82.2% Occupancy
  • 24/7 Gas Station 7 Minutes From I-476
  • Convenient Location - Gas Station is Directly Next to the Beltzville State Park Boat Launch
  • Surge in Development on Route 209 - High Demand for Property and Land

Investment Overview

Marcus & Millichap is pleased to exclusively present Lakeside Gas & Storage Plaza, located at 7605 Interchange Rd in Lehighton, Pennsylvania. The Subject Property consists of 8 Fueling Stations, a Convenience Store [5,324 SF], and an Auto Garage [2,798 SF]. Ownership has invested approximately $700k to $800k in renovations and capital expenditures since its acquisition. In addition to the gas station, the Subject Property also has a self-storage facility managed by ownership, known as Lakeside Self-Storage. Lakeside Self-Storage contains 297 Units, ranging in size from 5’ x 5’ to 10’ x 20’. They currently maintain occupancy of 82.2%. Ownership has re-stabilized the self-storage component through renovations and capital expenditures, increasing the occupancy by 71.4% since early 2022. Lakeside Self-Storage occupies 20,475 SF. Located in Lehighton, the Subject Property is directly next to Beltzville State Park Boat Launch, making it a convenient location for boaters and visitors. Beltzville State Park, a 3,002-acre park in Carbon County, sees more than half a million visitors annually. The park is open year-round. The three major Lehigh Valley cities of Allentown, Bethlehem, and Easton make up the Allentown-Bethlehem-Easton metropolitan area. The Lehigh Valley is located around 80 miles (129 km) east of the Pennsylvania capitol Harrisburg, 60 miles (96 km) north of Philadelphia, the country’s fifth-largest city, and 80 miles (144 km) west of the New York Metropolis, the country’s largest city.

Exclusively Listed By

Financing By

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