AutoZone Net-Leased Automotive
For Sale
Contact for pricing
1501 Tilghman St, Allentown, PA 18102
Single-tenant automotive retail asset with a corporate lease guarantee and double-net lease structure.
Property Size12,782 SF
Lot Size0.72 Acres
Price / SF$195.51
Days on Market53
Property Features for 1501 Tilghman St
General Information
Standard status
Active
Size
12,782 SF
Lot size
0.72 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
17,669 vehicles/day
Building Details
Year Built
1948
Year Renovated
2009
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Timothy Stephenson · License #RMR006104
(215) 531-7050
Source:
Crexi
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 3 at 6:13AM
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 Marcus & Millichap - Philadelphia
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Investment Insights
Based on property information with market context.
This single-tenant automotive retail property contains approximately 12,782 square feet on a 0.72-acre parcel. Originally built in 1948, the building received substantial renovations in 2009. Roof repairs and recoating were completed in 2023 and carry a 20-year leak-free guarantee. AutoZone occupies the property under a double-net lease, with the tenant responsible for real estate taxes, insurance, and common area maintenance while the landlord retains roof and structural obligations.
The property is 100% occupied under a lease extending through September 30, 2034, with no rent decrease. The lease includes a corporate guarantee from AutoZone, Inc., a Fortune 500 company identified in the source data as NYSE: AZO with an S&P rating of BBB. The site records traffic of 17,669 vehicles per day and is located in a densely populated area with more than 240,000 residents within five miles. Average household income within that radius is $89,177.
The property is 100% occupied under a lease extending through September 30, 2034, with no rent decrease. The lease includes a corporate guarantee from AutoZone, Inc., a Fortune 500 company identified in the source data as NYSE: AZO with an S&P rating of BBB. The site records traffic of 17,669 vehicles per day and is located in a densely populated area with more than 240,000 residents within five miles. Average household income within that radius is $89,177.
Key Highlights
- Approximately 12,782 square feet on a 0.72‑acre parcel
- 100% occupied lease extending through September 30, 2034
- Corporate guarantee from AutoZone, Inc.; NYSE: AZO and S&P Rated: BBB
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,435
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,148,700
$3.1M
Cap Rate 7%
$2,249,071
$2.2M
Cap Rate 9%
$1,749,278
$1.7M
Market Conditions
NOI Build-Up for 12,782 SF
Gross rent
$237.7K $18.60/SF
− Vacancy
−$12.8K −$1.00/SF
EGI
$224.9K $17.60/SF
− OpEx
−$67.5K −$5.28/SF
NOI
$157.4K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,148,700
Cap Rate 7%
$2,249,071
Cap Rate 9%
$1,749,278
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,435 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$821.8K
$719.1K – $958.8K
NOI $57,528 @ 7.0% cap · market cap 2.30%
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,778 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
17,669 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,063
Businesses Nearby
235k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 30%
Groceries 8%
Electronics 3%
McDonald's
Dining
29,623 visits/mo
0.2 miles
Wawa
Shops & Services
28,943 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
19,118 visits/mo
0.0 miles
Dollar Tree
Shops & Services
16,657 visits/mo
0.5 miles
Burger King
Dining
14,384 visits/mo
0.3 miles
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Automotive property - Single-tenant automotive retail asset with a corporate lease guarantee and double-net lease structure.
Where is this automotive property located?
The property is located at 1501 Tilghman St Allentown, PA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Approximately 12,782 square feet on a 0.72‑acre parcel; 100% occupied lease extending through September 30, 2034; Corporate guarantee from AutoZone, Inc.; NYSE: AZO and S&P Rated: BBB
