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Auto Service - Gas-Conv

Absolute Net Stonewall Collision

502 Basin St, Allentown, PA 18103

Listing Price: $2,100,000

Cap Rate
6.57%
Tenant Name
Stonewall Collision
Years Remaining On Lease
17.1
Guarantor
Corporate Guarantee
Rentable SF
9,745
Lease Type
Absolute Net
Rent Per Square Feet
$14.16

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.

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

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Auto Service - Gas-Conv

Absolute Net Stonewall Collision

Listing Price: $2,100,000

Cap Rate
6.57%
Tenant Name
Stonewall Collision
Years Remaining On Lease
17.1
Guarantor
Corporate Guarantee
Rentable SF
9,745
Lease Type
Absolute Net
Rent Per Square Feet
$14.16

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

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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