101 Blaine StLansdale, PA 19446

For Sale
$862,500

High-yield NNN-leased auto shop, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • $75/SF asking price.
  • Strong demographics: Average household income exceeds $120,000 within a 1, 3, 5, and 10-mile radius.
  • Credit tenant: Crash Champions, a major national collision repair operator (3rd largest in the US, 600+ locations).
  • Long-term commitment: Crash Champions recently renewed their lease in 2023.
  • Below-market rent: Current rent is $1.54/SF below market.
  • New residential development nearby: Adjacent to a new 205-unit apartment complex.

Property Details for 101 Blaine St

Property type
Other warehouses, Other specialty properties
Square Feet
11,500 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Lansdale
County
Montgomery
State
Pennsylvania
Latitude
40.236709572126
Longitude
-75.285990376438
101 Blaine St, Lansdale, Pennsylvania

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101 Blaine St
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