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    651 Airport Rd Hazle Township, PA 18202

    For Sale
    $16,551,724

    High-yield auto dealership investment. 20-year lease.

    Property size:
    48,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 48,804 square foot auto dealership in Hazle Township, Pennsylvania, situated on a 12.21-acre lot at 651 Airport Rd, 18202. The property, built in 2016, is currently operating at 100% occupancy under a Net Lease (NNN) agreement with a 20-year term remaining. The lease features a 2% annual rent increase, projecting a 49% rent increase over the initial lease term. Furthermore, four 5-year renewal options exist, potentially leading to a 121% rental increase over a 40-year period. The current Net Operating Income (NOI) stands at $1,200,000, yielding an attractive 7.25% capitalization rate. The asking price is $16,551,724. The tenant, Timbrook Management, operates multiple brand-name dealerships across Pennsylvania, Maryland, and West Virginia, providing a strong corporate guarantee. This NNN sale-leaseback transaction offers a secure, long-term investment with substantial built-in rental growth potential. The property's prime location and strong tenant history make it an ideal addition to any diversified investment portfolio.

    Property Features for 651 Airport Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    48,804 SF
    Lot Size
    531,868 SF

    Building Details

    Year Built
    2016

    HighLights

    • NNN Sale‑Leaseback with a new 20‑year lease.
    • 2% annual rent increases, totaling a 49% increase over the lease term.
    • Four 5‑year renewal options, potentially increasing rent by 121% over 40 years.
    • Corporate guarantee from Timbrook Management, operating multiple dealerships across PA, MD, and WV.
    Property Profile 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
    -76.0077637
    Latitude
    40.9886193

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    FAQs

    What type of property is this?
    Automotive property - High-yield auto dealership investment. 20-year lease.
    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: NNN Sale-Leaseback with a new 20-year lease.; 2% annual rent increases, totaling a 49% increase over the lease term.; Four 5-year renewal options, potentially increasing rent by 121% over 40 years.
    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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