805 Front St, Philipsburg, PA 16866

This exceptional investment opportunity presents a 7,324 square foot AutoZone retail property located at 805 N Front St, Philipsburg, PA 16866. The property sits on a 0.89-acre lot and boasts a strong location with an average daily traffic count of 15,097 vehicles. Built in 2010, this Net Lease (NN) property features a corporate AutoZone tenant with a lease commencing April 29, 2009, and expiring July 31, 2035, providing a substantial remaining lease term of approximately 10.7 years. The lease includes attractive 1.50% annual rent increases and two 5-year options, each with the same annual increase. The current annual net operating income (NOI) is $105,000, resulting in a 6.00% cap rate at the asking price of $1,750,000. The low rent of $14.34 per square foot further enhances the investment potential. The property benefits from its proximity to other national retailers such as McDonald's, Taco Bell, Family Dollar, and CVS, indicating a strong retail corridor. Philipsburg, located in central Pennsylvania, offers a desirable location with access to outdoor recreational opportunities in nearby state parks and forests. The surrounding area boasts an average household income of $79,103 and a population of 14,288 within a 5-mile radius, supporting consistent consumer traffic. AutoZone, a national brand with over 6,400 locations and $17.5 billion in revenue, provides a stable and reliable tenant with an S&P rating of BBB. This property represents a compelling investment opportunity with significant long-term potential.