1830 3Rd StWilliamsport, PA 17701

For Sale
$2,306,154

High-yield, NNN-leased auto shop.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 1,200 sq ft auto shop in Williamsport, PA, presents a compelling investment opportunity. Located on a 0.4-acre lot at 1830 E 3rd St, this newly constructed (2024) property boasts a 15-year NNN lease with Take 5 Oil Change, a national tenant with over 800 locations. The lease includes 10% rental increases every five years, providing built-in inflation protection and significant NOI growth. The property features 7.5 parking spaces per 1,000 sq ft and benefits from a strong demographic profile, including over 58,000 residents within a 5-mile radius and an average household income of $70,815. Its prime location along a major retail corridor, shadow-anchored by T.J. Maxx Plaza and near Loyal Plaza (Giant, Hobby Lobby, Staples, Planet Fitness), ensures high visibility and consistent traffic. The proximity to Pennsylvania College of Technology and Lycoming College, along with UPMC Williamsport Hospital, further enhances the property's appeal. The property is zoned Commercial - Retail and offers a 6.50% cap rate with a current occupancy of 100%. The asking price is $2,306,154, translating to $1,921.79 per square foot. This is a truly management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. The ground lease has 15 years remaining. This is an exceptional opportunity for passive investors seeking strong returns and long-term stability.

Highlights

  • Newly constructed 1,200 sq ft auto shop with a 15-year NNN lease and three 5-year options with Take 5 Oil Change.
  • Lease includes 10% rental increases every five years.
  • Absolute NNN lease; zero landlord responsibilities; tenant pays all CAM, taxes, and insurance.
  • Strong demographics: over 58,000 residents within a 5-mile radius with an average household income of $70,815.
  • Prime retail location shadow-anchored by T.J. Maxx Plaza and near Loyal Plaza (Giant, Hobby Lobby, Staples, Planet Fitness); close proximity to Pennsylvania College of Technology, Lycoming College, and UPMC Williamsport Hospital.

Property Details for 1830 3Rd St

Property type
Other retail properties, Automotive properties
Square Feet
1,200 SF
Year Built
2024
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Williamsport
County
Lycoming
State
Pennsylvania
Latitude
41.2490553
Longitude
-76.9668899
1830 3Rd St, Williamsport, Pennsylvania

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1830 3Rd St
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