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Auto Parts

Maaco

502 Basin St, Allentown, PA 18103

Listing Price: $2,400,176

Cap Rate
5.75%
Tenant Name
Stonewall Road Automotive Group, LLC (20-units)
Years Remaining On Lease
19.1
Guarantor
Franchisee Guarantee
Rentable SF
9,745
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.16

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.

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

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $2,400,176

Cap Rate
5.75%
Tenant Name
Stonewall Road Automotive Group, LLC (20-units)
Years Remaining On Lease
19.1
Guarantor
Franchisee Guarantee
Rentable SF
9,745
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.16

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

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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