502 Basin St 512 Allentown, PA 18103-3337

This exceptional investment opportunity presents a 9,745 square-foot auto shop located at 502 Basin St, Allentown, PA 18103. The property, built in 1979 and situated on a 0.75-acre lot, boasts a strong 6.57% cap rate and a substantial net operating income (NOI) of $138,010. Currently 100% occupied by Stonewall Collision, a reputable auto repair business with multiple locations, the property is under an absolute NNN lease with over 16.6 years remaining until June 29, 2041. The lease includes 2% annual rent bumps commencing in 2027 and a single 5-year renewal option. The asking price is $2,100,000, translating to a price per square foot of $215.50. The property benefits from a prime location, enjoying high traffic counts on Basin Road (24,609 VPD) and proximity to Highway 145 (15,975 VPD), as well as a thriving retail corridor featuring national brands like Wawa, Jiffy Lube, and McDonald's. The surrounding area showcases a strong demographic profile, with an average household income exceeding $77,000 within a five-mile radius. Furthermore, the property's proximity to Downtown Allentown (population 125,094) and Lehigh Valley International Airport (serving nearly one million passengers annually) enhances its appeal. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant long-term growth potential.