Property summary
This exceptional investment opportunity presents a 5,000-square-foot industrial distribution building in Frackville, Pennsylvania. The property, built in 2004, is currently leased to Fastenal, a publicly traded company (NASDAQ: FAST), under a Net Lease agreement with a corporate guarantee. The lease, originally commenced on May 5, 2004, has been renewed, extending its term to September 29, 2026, leaving approximately 1.9 years remaining. The asking price is $318,377, representing an attractive 8.75% cap rate based on a current Net Operating Income (NOI) of $27,858. The property boasts a prime location on an industrial corridor, just half a mile from Interstate-81, ensuring high visibility and accessibility. The building itself is a built-to-suit structure situated on a 1.24-acre parcel. Landlord responsibilities include roof, building structure, and HVAC system maintenance. Tenant responsibilities include landscaping, snow removal, and reimbursement of taxes and insurance beyond the base year of 2010. The strong tenant history, coupled with the favorable lease terms and strategic location within a growing community (projected population and household growth through 2028), makes this a compelling investment prospect. The lease includes options for one and five-year renewals. The property is located at 9 Industrial Rd, Frackville, PA 17931. The high daily traffic count of over 7,500 vehicles further enhances the property's value and potential.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store Building Supply
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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