845 Montgomery AvePenn Valley, PA 19072

For Sale
Call for price

High-yield NNN-leased auto shop

Overview

Added:
Dec 11, 2024
Days on market:
94
Fully leased 1,200 sq ft auto shop in Narberth, PA, enjoys a prime corner location in a thriving Philadelphia suburb. A recently commenced seven-year NNN lease with Caliber Collision generates $72,000 annual income and includes two five-year renewal options. The property boasts 25 parking spaces and is situated on a 0.16-acre lot. The building, constructed in 1970, features four 16-foot-high roll-up doors, three of which are equipped with lifts. This stabilized investment offers immediate cash flow and long-term growth potential in a densely populated area with high average household incomes. The property is zoned C1 and benefits from proximity to major roadways, numerous amenities, and other auto-related businesses. The tenant, Caliber Collision, operates over 1,700 locations across 41 states, ensuring stability and brand recognition. This presents a compelling opportunity for investors seeking a secure, high-return investment in a desirable location. The lease commenced August 29, 2024, with rent commencing January 29, 2025, and expiring June 27, 2031.

Highlights

  • 100% occupied, 1,200 SF auto repair shop in Narberth, PA, on a corner lot.
  • New 7-year NNN lease with Caliber Collision commencing September 2024, generating $72,000 annual income, plus two 5-year renewal options.
  • Caliber Collision, a national operator with over 1,700 locations, provides strong tenant stability.
  • Located in an affluent area with average household income exceeding $174,000 within 1 mile and over 500,000 residents within 5 miles.
  • Excellent location near major retailers and amenities, including Wawa, Staples, and Acme Markets.
  • Building features four 16' ft. high roll-up doors; three stalls equipped with lifts.

Property Details for 845 Montgomery Ave

Property type
Other retail properties, Automotive properties
Square Feet
1,200 SF
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Penn Valley
County
Montgomery
State
Pennsylvania
Latitude
40.0110839
Longitude
-75.2585477
845 Montgomery Ave, Penn Valley, Pennsylvania

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845 Montgomery Ave
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