Firestone Auto
For Sale
Contact for pricing
131 S Franklin St, Chambersburg, PA 17201
Occupied automotive service property with an NN lease and established operating history.
Property Size7,126 SF
Price / SF$98.23
Days on Market16
Property Features for 131 S Franklin St
General Information
Standard status
Active
Size
7,126 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$42,000
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1996
Tenancy
Single
Abandoned
No
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Aug 18
Changed: Sep 1
Last Checked: Sep 1 at 8:45PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This 7,126-square-foot automotive service property has operated as a Firestone location since 1996. The building is occupied under an NN lease, with rental obligations supported by a corporate guarantee from Bridgestone Retail Operations, LLC, the U.S. retail operating subsidiary of Bridgestone Corporation. Multiple renewal options have been exercised, and the current lease term extends through April 2028.
The property is located in Chambersburg, PA, with access to Interstate 81 and the broader Mid-Atlantic region. Its long operating history, established automotive use, and continuing occupancy provide a clearly defined property profile for a buyer evaluating a leased auto service asset.
The property is located in Chambersburg, PA, with access to Interstate 81 and the broader Mid-Atlantic region. Its long operating history, established automotive use, and continuing occupancy provide a clearly defined property profile for a buyer evaluating a leased auto service asset.
Key Highlights
- 7,126‑square‑foot automotive service property
- Occupied under an NN lease
- Operating at the site since 1996
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,580
$831.6K
Cap Rate 7%
$593,986
$594.0K
Cap Rate 9%
$461,989
$462.0K
Market Conditions
NOI Build-Up for 7,126 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.9K $8.83/SF
− Vacancy
−$3.5K −$0.49/SF
EGI
$59.4K $8.34/SF
− OpEx
−$17.8K −$2.50/SF
NOI
$41.6K $5.83/SF
Area
Franklin County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,580
Cap Rate 7%
$593,986
Cap Rate 9%
$461,989
Alternative Uses
Best Use
Retail
$956.7K
$837.1K – $1.12M
NOI $66,967 @ 7.0% cap · market cap 9.57%
Second Best
Industrial
$594.0K
$519.7K – $693.0K
NOI $41,579 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,948 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 51%
Shops & Services 45%
Dining 3%
Electronics 1%
Big Lots
Superstores
14,967 visits/mo
0.1 miles
M&T Bank
Shops & Services
6,205 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,015 visits/mo
0.2 miles
Fox's Pizza Den
Dining
930 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
809 visits/mo
0.1 miles
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Occupied automotive service property with an NN lease and established operating history.
Where is this auto shop located?
The property is located at 131 S Franklin St Chambersburg, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 7,126‑square‑foot automotive service property; Occupied under an NN lease; Operating at the site since 1996
