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Shopping Auto Center

Advance Auto Parts & NovaCare Center

2175 McClellandtown Rd, Masontown, PA 15461

Listing Price: $1,091,000

Cap Rate
8.00%
Rentable SF
12,580
Lot Size
1.04 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present the offering for McClellandtown Center, the two tenant retail/medical office center located at 2175 McClellandtown Road in Masontown, Pennsylvania. This property was built in 2006 and renovated in 2021 to accommodate NovaCare taking over the additional space. Advance Auto Parts has 4 years remaining on a ten year NN lease with three, 5-year renewal options. NovaCare has 5 years remaining on a new 5 year NNN lease and three, 3-year renewal options. The subject property is located along McClellantown Road/PA-166 seeing over 9,600 Vehicles Per Day with excellent visibility and signage. There is a large parking lot with lighting that was recently repaved in 2021.

Investment Highlights

  • Two Tenant Retail/Medical Center With Excellent Visibility and Signage
  • Situated Along the Main Thoroughfare of Masontown | McClellandtown Rd/PA-166 Sees 9,648+ VPD
  • AAP is an Investment Grade Credit Rated Tenant (S&P: BBB-)
  • Advance Auto Parts Didn't Exercise Termination Option in Year 5 Assuming Sales Are Not in Excess of $1.2M
  • New Tenant in 2021: NovaCare | 5-Yr NNN Lease Corporately Guaranteed | 1,770+ Locations in 37 States
  • 2021 Custom-Built to Suit Space for NovaCare | HVAC units replaced in 2021
  • Parking Lot Repaved in 2021

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Shopping Auto Center

Advance Auto Parts & NovaCare Center

Listing Price: $1,091,000

Cap Rate
8.00%
Rentable SF
12,580
Lot Size
1.04 acres
Year Built
2006

Investment Highlights

  • Two Tenant Retail/Medical Center With Excellent Visibility and Signage
  • Situated Along the Main Thoroughfare of Masontown | McClellandtown Rd/PA-166 Sees 9,648+ VPD
  • AAP is an Investment Grade Credit Rated Tenant (S&P: BBB-)
  • Advance Auto Parts Didn't Exercise Termination Option in Year 5 Assuming Sales Are Not in Excess of $1.2M
  • New Tenant in 2021: NovaCare | 5-Yr NNN Lease Corporately Guaranteed | 1,770+ Locations in 37 States
  • 2021 Custom-Built to Suit Space for NovaCare | HVAC units replaced in 2021
  • Parking Lot Repaved in 2021

Investment Overview

Marcus & Millichap is pleased to present the offering for McClellandtown Center, the two tenant retail/medical office center located at 2175 McClellandtown Road in Masontown, Pennsylvania. This property was built in 2006 and renovated in 2021 to accommodate NovaCare taking over the additional space. Advance Auto Parts has 4 years remaining on a ten year NN lease with three, 5-year renewal options. NovaCare has 5 years remaining on a new 5 year NNN lease and three, 3-year renewal options. The subject property is located along McClellantown Road/PA-166 seeing over 9,600 Vehicles Per Day with excellent visibility and signage. There is a large parking lot with lighting that was recently repaved in 2021.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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