Long-Term NNN Leaseback
For Sale
Contact for pricing
651 Airport Rd, Hazle Township, PA 18202
New 20-year NNN lease at close of escrow with 2% annual rent increases over the lease term.
Property Size48,804 SF
Price / SF$409.80
Days on Market593
Property Features for 651 Airport Rd
General Information
Standard status
Active
Size
48,804 SF
Property subtype
RETAIL
Lease Type
NNN
Listing Agency:
NNN Pro Group
(332) 345-2408
Listed By:
Glen Kunofsky · License #49KU1129178
(332) 345-4222
Source:
Moodyscre
Added: Jan 27, 2025
Changed: Sep 4
Last Checked: Sep 11 at 11:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNN Pro Group
Investment Insights
Based on property information with market context.
This NNN sale features a long-term sale-leaseback arrangement, with a new 20-year lease commencing at close of escrow. Rental increases are structured at 2% annually, totaling a stated 49% increase over the initial lease term. The lease also provides four additional 5-year renewal options, with a stated potential of a 121% rental increase over 40 years.
A corporate guarantee is included, with Timbrook Management operating over 15 brand-name dealerships across Pennsylvania, Maryland, and West Virginia. The company is described in the remarks as being built on values including integrity, safety, accountability, excellence, and respect.
The property is listed for sale as an NNN asset, sized at 48,804 square feet, at 651 Airport Rd in Hazle Township, PA.
A corporate guarantee is included, with Timbrook Management operating over 15 brand-name dealerships across Pennsylvania, Maryland, and West Virginia. The company is described in the remarks as being built on values including integrity, safety, accountability, excellence, and respect.
The property is listed for sale as an NNN asset, sized at 48,804 square feet, at 651 Airport Rd in Hazle Township, PA.
Key Highlights
- New 20‑year NNN lease to commence at close of escrow
- 2% annual rent increases during the 20‑year lease term (49% total increase over the life of the lease)
- Includes four 5‑year renewal options, with potential for a 121% rental increase over 40 years
Property Analytics
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Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
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Business Placement
Demographics for 18202, PA
13,894
Population
6,036
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
35.0 sq mi
ZIP Area
397
Density / Sq Mi
$55,517
Median Household Income
$35,330
Median Earnings
$1,029
Median Rent
$182,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - New 20-year NNN lease at close of escrow with 2% annual rent increases over the lease term.
Where is this nnn 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 $20,000,000.
What are key features of this property?
This property features: New 20‑year NNN lease to commence at close of escrow; 2% annual rent increases during the 20‑year lease term (49% total increase over the life of the lease); Includes four 5‑year renewal options, with potential for a 121% rental increase over 40 years
