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Views: 226 DOM: 183 Updated: 10.23.24 Posted: 06.03.24 Status: Active

Summary

Price $2,100,000
Built/Renov 1979
Tenant Stonewall Collision
Cap Rate 6.57%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 9,745
Lease Start 07-01-2021
#Units 20
Price/SF $215.50
Expiration 06-30-2041
Tenant Type Automotive
NOI $138,010
R. Term 16.7
Ownership Fee Simple
Rent/SF $14.16
Increases 2.0%/3/yrs
Pop 5Mi 262,366
Lot/AC 0.75
Options 1/5yrs/2%
AHHI 5Mi $77,719

Lease Highlights

  • Stonewall Collision has 16+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 2% annual rental increases starting in 2027 
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Stonewall Collision is strategically located on Basin Street, with access to 24,609 vehicles passing by daily. The property is conveniently situated a third of a mile from Highway 145 (15,975 VPD), mere seconds away from the Fourth Street Retail Corridor and downtown Allentown. Nearby, well-known national retailers include Wawa, Jiffy Lube, McDonald's, Popeyes, KFC, Price Rite, Walgreens,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Stonewall Collision
  • Guarantor:Corporate
  • Company:Calder Group, LLC
  • # Units:20
  • Stock:Private

About Tenant

Stonewall Road Automotive Group LLC (SRAG), dba Stonewall Collision & Auto Painting provides expert auto paint and collision repair services including paint jobs, cosmetic repairs, services for...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 29,358 146,843 266,755
2024 Total Population : 27,833 144,209 263,847
2024 Employed Civilian Pop : 13,070 68,283 128,490
2024 Total Businesses : 1,054 4,741 10,676
2024 Average Household Income : $ 67,964 $ 74,708 $ 89,630
2024 Total Consumer Spending : $ 616 M $ 3519 M $ 7897 M
2024 Median Age : 33 36 38
2024 Total Households : 10,168 53,047 99,992
2024 Pop Age 25+: Bachelor's Degree : 1,594 12,920 32,631
2024 Average Home Value : $ 222,693 $ 268,299 $ 322,902
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Filmore St Saucon St 2016 6,191 0.25 mi
Martin Luther King Jr Dr S Penn St 2017 16,777 0.30 mi
Basin Street S 3rd St 2022 16,081 0.32 mi
Basin Street Priscilla St 2019 17,165 0.32 mi
South 5th Street Cleveland St 2021 7,852 0.36 mi
South 5th Street Harrison St 2022 6,456 0.37 mi
S 4th St Post St 2017 16,597 0.39 mi
W Union St S 2nd St 2017 22,736 0.41 mi
W Auburn St S East St 2016 6,885 0.42 mi
S 3rd St Foundry St 2016 18,153 0.43 mi

Listing Broker

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