943 Rock Hl Rd Quakertown, PA 18951-3215
- Auto shops
- 6,039 SF
- 0.86 lot acres
Current Use by Public Records
- Crash Champions Collision Repair Quakertown / Car Repair And Maintenance Service / Auto Body Shop
Property Details for 943 Rock Hl Rd
- Year built
- 1951
- Lot size
- 0.86 lot acres
- Property size
- 6,039 SF
- Zone code
- RP
- Property type
- Auto shops
- APN
- 12-005-047
- APU
- 12005047
Description
This exceptional investment opportunity presents a 6,039 square foot auto shop located at 943 Rock Hill Rd, Quakertown, PA 18951, situated on a 3.76-acre lot. The property is currently 100% occupied under a Net Lease (NNN) agreement with Crash Champions, a financially stable corporate guarantor with over 600 locations nationwide. The lease commenced December 17, 2021, and has a remaining term of seven years, expiring November 30, 2031. The lease includes three, five-year renewal options and a 10% rent increase every five years, providing significant future income growth. The asking price is $831,000, representing a current cap rate of 6.50% and a pro-forma cap rate of 7.15%. The current Net Operating Income (NOI) is $54,000, projected to increase to $59,400. The property, built in 1990, is a single-story building offering a price per square foot of $137.61 and a land value of $6.69 per square foot. This presents a compelling investment in a recession-resistant industry
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
- Quakertown
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -75.2969
- Latitude
- 40.4305
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
