101 Blaine St Lansdale, PA 19446-3824
- Warehouses
- 11,480 SF
- 0.59 lot acres
Jan 14, 2021
Current Use by Public Records
- Crash Champions Collision Repair Lansdale / Auto Body Shop / Auto Repair Shop
Property Details for 101 Blaine St
- Year built
- 1960
- Lot size
- 0.59 lot acres
- Property size
- 11,480 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- 11-00-00520-00-9
- APU
- 110000520009
Description
This exceptional investment opportunity presents a single-tenant, NNN-leased auto shop in Lansdale, Pennsylvania. The property, located at 101 E Blaine St, comprises an 11,500-square-foot building on a 0.59-acre lot. Built in 1970, this one-story structure boasts a 24-foot ceiling height and ample parking with 14 spaces. Currently leased to Crash Champions, a nationally recognized collision repair operator, the lease agreement features a 12.6-year term, with 1.7 years remaining and a 1(5) year option. The lease commenced January 1, 2014, and expires July 31, 2026, with a 15% rent bump in the next option period. The tenant, a credit-rated entity with a corporate guarantee, provides significant financial stability. The property offers a compelling 8.00% cap rate and a current Net Operating Income (NOI) of $69,000, priced at $75 per square foot, totaling $862,500. The location benefits from its proximity to newly developed residential communities, with average household incomes exceeding $120,000 within a 5-mile radius. This presents a strong investment opportunity in a thriving market with a well-established tenant and significant upside potential. The property is classified as Industrial, Retail, and Special Purpose.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansdale
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2857
- Latitude
- 40.2369
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
