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489 Pottsville Saint Clair Hwy
Pottsville, PA 17901

$1,363,636 USD

Auto Repair For Sale  •  7,540 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 7,540 SF
  • Lot Size 0.91 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
49 Walk Score

Highlights

This property may be purchased individually or as part of a five-property portfolio.
Rare combination of new construction, low price point, attractive yield, long lease term, and investment grade credit (S&P: BBB).
~18 years remaining on this corporately backed Ground Lease by an Investment Grade Tenant - AutoZone (S&P: BBB).
Brand new 2023 construction on an absolute nnn ground lease resulting in zero landlord responsibilities.
AutoZone is paying $75,000 annually, which is equivalent to only $9.95/SF.
10% rent increases every 5 years (next scheduled for July 2028); Two additional 5-year renewal options extend the potential lease term through 2053.
Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Auto Zone 7,540 SF 6/30/2043
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC