Auto Service - Gas-Conv
Absolute Net Stonewall Collision
502 Basin St, Allentown, PA 18103
Listing Price: $2,100,000
Investment Overview
Subject is a Prime 9,745 Square-Foot Stonewall Collision on
a 0.75-Acre Lot with Ample Parking, and Strategically Located
with a Host of Automotive Businesses.
Absolute Net Lease with Over 17 Years Remaining and Zero
Landlord Responsibility | 2% Annual Rental Increases Starting
in 2027 with 1 x 5-Year Option | Seller Finance Option Interest
Only 3-4 Year Mortgage at 6% with 50-60% Down.
Absolute Net Stonewall Collision
Investment Highlights
- Traffic Counts on Basin Road (24,609 VPD), a Third of a Mile off of Highway 145 (15,975 VPD) (Source: LandVision, CoStar 2022)
- Seconds Away from the Fourth Street Retail Corridor and Downtown Allentown | Nearby National Retailers Include: Wawa, Jiffy Lube, McDonalds's, Popeyes, KFC, Price Rite, Walgreens, and Others
- Growing Community with an Average Household Income of Over $77,000 within Five Miles of the Subject Asset, as of 2022
- Parks and Outdoor Recreational Facilities Nearby Include: Canal Park, Malcolm Gross Rose Garden, Allentown Municipal Golf Course, Coca-Cola Park, Lehigh Mountain Park, Franko Farm Rec Area, and More
- Subject is Less than One Mile from Downtown Allentown Pennsylvania, with a Population of 125,094
- Tenant Stonewall Collision is a Former Maaco Franchisee with Twenty Locations in Six States Throughout the Mid-Atlantic and Midwest
Broker of Record
Financing By
Listing Price: $2,100,000
Investment Highlights
- Traffic Counts on Basin Road (24,609 VPD), a Third of a Mile off of Highway 145 (15,975 VPD) (Source: LandVision, CoStar 2022)
- Seconds Away from the Fourth Street Retail Corridor and Downtown Allentown | Nearby National Retailers Include: Wawa, Jiffy Lube, McDonalds's, Popeyes, KFC, Price Rite, Walgreens, and Others
- Growing Community with an Average Household Income of Over $77,000 within Five Miles of the Subject Asset, as of 2022
- Parks and Outdoor Recreational Facilities Nearby Include: Canal Park, Malcolm Gross Rose Garden, Allentown Municipal Golf Course, Coca-Cola Park, Lehigh Mountain Park, Franko Farm Rec Area, and More
- Subject is Less than One Mile from Downtown Allentown Pennsylvania, with a Population of 125,094
- Tenant Stonewall Collision is a Former Maaco Franchisee with Twenty Locations in Six States Throughout the Mid-Atlantic and Midwest
Investment Overview
Subject is a Prime 9,745 Square-Foot Stonewall Collision on a 0.75-Acre Lot with Ample Parking, and Strategically Located with a Host of Automotive Businesses. Absolute Net Lease with Over 17 Years Remaining and Zero Landlord Responsibility | 2% Annual Rental Increases Starting in 2027 with 1 x 5-Year Option | Seller Finance Option Interest Only 3-4 Year Mortgage at 6% with 50-60% Down.
Broker of Record
Financing By
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