Auto Parts
Maaco
502 Basin St, Allentown, PA 18103
Listing Price: $2,400,176
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 502 Basin Street in Allentown, Pennsylvania. The site consists of roughly 9,745 rentable square feet of building space on estimated 0.75-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 16, 2021. The current annual rent is $138,010 and is scheduled to increase by two percent annually beginning in year seven. The increases will continue through the base term as well as throughout the one, five-year tenant renewal option period.
Broker of Record
Listing Price: $2,400,176
Investment Highlights
- Long-term Triple-Net Lease with Zero Landlord Responsibility | 19+ Years Remaining on the Recently Executed Lease
- A 2.0% Annual Rental Increases Beginning in Year Seven
- Growing Franchisee | Tenant is Stonewall Road Automotive Group, LLC | Twenty-Unit Maaco Franchisee
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Maaco located at 502 Basin Street in Allentown, Pennsylvania. The site consists of roughly 9,745 rentable square feet of building space on estimated 0.75-acre parcel of land. This Maaco is subject to a 20-year absolute triple-net (NNN) lease, which commenced July 16, 2021. The current annual rent is $138,010 and is scheduled to increase by two percent annually beginning in year seven. The increases will continue through the base term as well as throughout the one, five-year tenant renewal option period.
Broker of Record
