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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

651 Airport Rd Hazle Township, PA 18202

48,804 SF 12.21 ac lot Built 2016
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 2016
Total area 48,804 SF
Lot 12.21 ac (531,868 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hazleton Honda Car Dealership
  • Hazleton Honda Parts Auto Parts Store
  • Hazleton Honda Service Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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