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    651 Airport Rd Hazle Township, PA 18202

    For Sale
    $16,551,724

    Long-term NNN sale-leaseback with attractive rental increases.

    Property size:
    48,804 SF
    Lot size:
    12.46 Acres

    Property Features for 651 Airport Rd

    General Information

    Size
    48,804 SF
    Lot size
    12.46 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hazle Township Automotive Property For Sale

    This automotive property in Hazle Township, PA, is available for sale. The site will be subject to a new 20-year lease commencing at the close of escrow. The lease includes attractive rental increases of 2% annually, increasing 49% over the life of the lease. There are four 5-year renewal options, with the potential for a 121% rental increase over 40 years. The property comprises 48,804 square feet. The lease is corporately guaranteed by Timbrook Management, which operates over 15 brand-name dealerships across Pennsylvania, Maryland, and West Virginia, and is known for its values of integrity, safety, accountability, excellence, and respect.
    Location Intelligence

    Current Use by Public Records

    Hazleton Honda Honda Dealer Hazleton Honda Parts Auto Parts Store Hazleton Honda Service Car Repair And Maintenance Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hazle Township
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.984204
    Latitude
    40.991846

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    FAQs

    What type of property is this?
    Automotive property - Long-term NNN sale-leaseback with attractive rental increases.
    Where is this automotive property located?
    The property is located at 651 Airport Rd Hazle Township, PA.
    What is the asking price?
    The asking price for this property is $16,551,724.
    What are key features of this property?
    This property features: - Long Term NNN-Sale Leaseback: Enjoy a brand new 20-year lease commencing at close of escrow.; - Attractive Rental Increases: Benefit from 2% annual rent increases, totaling 49% over the lease term.; - 20 Years of Renewal Options: Four 5-year renewal options are available.
    (332) 345-2408
    Request Owner's contact information
    651 Airport Rd Hazle Township, PA 18202
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    Hazle Township, PA 18202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    651 Airport Rd Hazle Township, PA 18202
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