Auto Repair For Sale • 1,340 SF
Brand-new, built-to-suit construction asset |
New, 15-year & 4-month, absolute NNN lease | Zero Landlord responsibilities |
Superior guarantor and operator | Lease is backed by Purple Square Management, LLC which has 305+ stores opening and operating throughout 15 states |
Excellent access and visibility from BUS-22 aka 4th St which sees ±25,700 VPD |
Directly across the street from a Lowe’s-anchored shopping center | Other tenants include Chipotle and Dunkin’ |
Strong, 10% rental increases every 5 years throughout the initial term and options | Yields a 7.74% average CAP at List Price |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Lewistown Amtrak Station (Pennsylvanian - Amtrak) | 5 min | - | 2.2 mi |
Airport | Drive | Walk | Distance |
State College Regional | 59 min | - | 37.4 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 8 |
Type: | Surface |
Included in Rent: | Yes |