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1105 Scott St 8,514 SF 100% Leased Retail Building Brodheadsville, PA 18322 $849,000 ($99.72/SF) 6.30% Cap Rate
Investment Highlights
- NN Lease with Annual Esclations
- Recent Tenant Investment in Property
- 14,000+ ADT Rt 209
- Three 5-Year Renewal Extensions
- 330+' RT 209 Road Frontage
Executive Summary
Opportunity to own a recently opened and renovated 2,500 SQFT Enterprise Rent-A-Car Rental NN Lease with prorated reimbursement on property taxes and common area maintenance. Three 5-year renewals remain with 2% increases annually. Enterprise recently remodeled in 2023 - demonstrating their investment in this location.
The adjoining Residential unit is 3 Beds, 2.5 Baths with updated HVACs, flooring, plumbing, and electrical. The property presents an ideal opportunity to invest in a strong commercial tenant, diversified with a residential tenant. Current Gross Income $63,000, with an NOI of $53,500/yr with a calculated CAP Rate of 6.3%.
Near Kinsley’s ShopRite, Autozone, Dollar General, Dunkelberger's Sports Outfitter, Ace Hardware and Weis Markets.
The adjoining Residential unit is 3 Beds, 2.5 Baths with updated HVACs, flooring, plumbing, and electrical. The property presents an ideal opportunity to invest in a strong commercial tenant, diversified with a residential tenant. Current Gross Income $63,000, with an NOI of $53,500/yr with a calculated CAP Rate of 6.3%.
Near Kinsley’s ShopRite, Autozone, Dollar General, Dunkelberger's Sports Outfitter, Ace Hardware and Weis Markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,514 SF
Building Class
C
Year Built/Renovated
1902/2023
Price
$849,000
Price Per SF
$99.72
Cap Rate
6.30%
NOI
$53,487
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
1.24 AC
Zoning
C - Commercial
Parking
31 Spaces (7.67 Spaces per 1,000 SF Leased)
Frontage
341’ on U.S. 209
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02.9C.1.14 | Improvements Assessment | $219,600 |
| Land Assessment | $102,400 | Total Assessment | $322,000 |
Property Taxes
Parcel Number
02.9C.1.14
Land Assessment
$102,400
Improvements Assessment
$219,600
Total Assessment
$322,000
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1105 Scott St