Auto Parts
AutoZone
1501 Tilghman St, Allentown, PA 18102
Listing Price: $2,499,000
Investment Overview
Marcus & Millichap is pleased to present this AutoZone in Allentown, Pennsylvania. AutoZone is on a double-net lease that began in 2009 and runs through September 2034 with three five-year options. The roof was refurbished in 2023 and has a 20 year leak free guarantee. This is a high traffic store that ranks top 13 percent in the state and top 15 percent nationwide, per Placer.ai.
AutoZone
Investment Highlights
- Double Net Lease Through 9/30/2034
- Early Extension in 2022 and 10.38 Percent Rent Increase at Next Option in 2034
- Significant Roof Refurbishment in 2023 with 20 Year Leak Free Guarantee
- Very High Traffic Store: 85th Percentile According to Placer.ai
- Corporate Guarantee - Over 7,500 Stores
- Over 240,000 Residents within Five Miles with Average Household Income of $89,177
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
Listing Price: $2,499,000
Investment Highlights
- Double Net Lease Through 9/30/2034
- Early Extension in 2022 and 10.38 Percent Rent Increase at Next Option in 2034
- Significant Roof Refurbishment in 2023 with 20 Year Leak Free Guarantee
- Very High Traffic Store: 85th Percentile According to Placer.ai
- Corporate Guarantee - Over 7,500 Stores
- Over 240,000 Residents within Five Miles with Average Household Income of $89,177
Investment Overview
Marcus & Millichap is pleased to present this AutoZone in Allentown, Pennsylvania. AutoZone is on a double-net lease that began in 2009 and runs through September 2034 with three five-year options. The roof was refurbished in 2023 and has a 20 year leak free guarantee. This is a high traffic store that ranks top 13 percent in the state and top 15 percent nationwide, per Placer.ai.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
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