AutoZone Automotive Retail
For Sale
Contact for pricing
3361 Lincoln Highway, Parkesburg, PA 19365
Newly constructed store under an absolute NNN ground lease with scheduled rent increases.
Property Size7,381 SF
Lot Size2.00 Acres
Price / SF$235.47
Days on Market55
Property Features for 3361 Lincoln Highway
General Information
Standard status
Active
Size
7,381 SF
Lot size
2.00 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$85,200
Site & Location
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 29 at 6:09PM
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 - Washington, D.C.
Investment Insights
Based on property information with market context.
This automotive retail property includes a 7,381-square-foot AutoZone store completed in Spring 2025. AutoZone, Inc. occupies the building under a 15-year absolute NNN ground lease that began in May 2025, with two additional five-year option periods. The lease provides six percent increases every five years during the initial term and option periods.
The approximately 2-acre parcel fronts Route 30/Lincoln Highway, which carries ~35,000 VPD, and benefits from primary access along the corridor. Cross easements connect the property with neighboring parcels and the cross street, including the adjacent CVS pharmacy. The site is positioned across from the Walmart and Home Depot-anchored West Sadsbury Commons and near the Target-anchored Shoppes at Sadsbury development, which is under construction.
Parkesburg has 35,124 residents within five miles, with that population projected to increase more than two percent by 2030. The broader retail corridor includes Wawa, McDonald’s, Truist Bank, Sherwin-Williams, Chipotle, and Wendy’s.
The approximately 2-acre parcel fronts Route 30/Lincoln Highway, which carries ~35,000 VPD, and benefits from primary access along the corridor. Cross easements connect the property with neighboring parcels and the cross street, including the adjacent CVS pharmacy. The site is positioned across from the Walmart and Home Depot-anchored West Sadsbury Commons and near the Target-anchored Shoppes at Sadsbury development, which is under construction.
Parkesburg has 35,124 residents within five miles, with that population projected to increase more than two percent by 2030. The broader retail corridor includes Wawa, McDonald’s, Truist Bank, Sherwin-Williams, Chipotle, and Wendy’s.
Key Highlights
- 7,381‑square‑foot AutoZone store completed in Spring 2025
- 15‑year absolute NNN ground lease commenced in May 2025
- Six percent rent increases every five years during the base term and option periods
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
$83,422
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
4.80%
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%
$1,668,440
$1.7M
Cap Rate 7%
$1,191,743
$1.2M
Cap Rate 9%
$926,911
$926.9K
Market Conditions
NOI Build-Up for 7,381 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
$132.9K $18.00/SF
− Vacancy
−$13.7K −$1.85/SF
EGI
$119.2K $16.15/SF
− OpEx
−$35.8K −$4.84/SF
NOI
$83.4K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$1,668,440
Cap Rate 7%
$1,191,743
Cap Rate 9%
$926,911
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,422 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$774.1K
$677.4K – $903.1K
NOI $54,188 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,649 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
555
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Beauty & Spa 100%
Supercuts
Beauty & Spa
555 visits/mo
0.5 miles
Demographics for 19365, PA
7,410
Population
2,818
Households
2.6
Avg Household Size
38
Median Age
30%
College-Educated
89%
High-School Grad
16.5 sq mi
ZIP Area
449
Density / Sq Mi
$92,137
Median Household Income
$48,065
Median Earnings
$1,256
Median Rent
$300,000
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?
Automotive property - Newly constructed store under an absolute NNN ground lease with scheduled rent increases.
Where is this automotive property located?
The property is located at 3361 Lincoln Highway Parkesburg, PA.
What is the asking price?
The asking price for this property is $1,738,000.
What are key features of this property?
This property features: 7,381‑square‑foot AutoZone store completed in Spring 2025; 15‑year absolute NNN ground lease commenced in May 2025; Six percent rent increases every five years during the base term and option periods
