3050 Easton Ave Bethlehem, PA 18017

Property Details for 3050 Easton Ave

Year built

1995

Lot size

2.72 lot acres

Property size

14,774 SF

Zone code

PC

Property type

Retail space

APN

N7NW2 6 9 0205

APU

N7NW2690205

Description

This exceptional investment opportunity presents a 14,860-square-foot, single-tenant net-leased Caliber Collision auto shop in Bethlehem, Pennsylvania. Located on Easton Avenue (13,900 vehicles per day), this property boasts a new 15.4-year lease (expiring March 31, 2040) with two 5-year renewal options and 2.5% annual rent increases. The tenant, Caliber Collision, the largest collision repair company in the US, recently completed over $1.3 million in tenant improvements. The property sits on a 2.72-acre lot and benefits from a high-traffic location near major retailers like Giant, Petco, and CVS, as well as Freedom High School and Northampton Community College. The surrounding area has a strong demographic profile, with over 158,000 residents within a five-mile radius and an average household income exceeding $113,000 within three miles. The property offers a 6.25% cap rate and a strong NOI of $312,000, making it an attractive investment with significant upside potential. Built in 1995 and renovated in 2024, this property represents a stable, long-term investment in a thriving market. The asking price is $4,992,000, with a price per square foot of $335.94. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a national leader in the collision repair industry.