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1341 N Broad St
Lansdale, PA 19446
Retail Property For Sale
Investment Highlights
- Brand new 15-year abs NNN lease with zero landlord responsibilities and two (2) 10-year renewal options.
- National automotive service brand that performs consistently across economic cycles.
- High-visibility location along N Broad Street, a primary commercial corridor with 16K+ VPD.
- 10% rent increases every five years throughout the term and option periods.
- Meineke has 900+ locations and is part of the Driven Brands platform (NASDAQ: DRVN).
- The 5-mile trade area features over 155,000 residents with average household incomes exceeding $151,000.
Executive Summary
Blue West Capital and ParaSell, Inc are pleased to exclusively present the opportunity to acquire a newly renovated single-tenant Meineke Car Care Center located in Lansdale, Pennsylvania, within the Greater Philadelphia MSA. The offering features a long-term absolute NNN lease with 10% scheduled rent increases, a personal guaranty, and zero landlord responsibilities, providing stable income for investors. The essential automotive service investment is well-suited for private capital and 1031 exchange buyers seeking long-term, passive cash flow in an established suburban market.
The property fronts N Broad Street (PA Route 63), a major commercial corridor with over 16,000 vehicles per day. It serves a dense, infill suburban trade area where demand is primarily driven by daily commuting patterns and vehicle ownership, rather than discretionary retail traffic. Limited opportunities for new retail development and significant barriers to entry contribute to long-term stability and sustained demand for automotive services.
The property fronts N Broad Street (PA Route 63), a major commercial corridor with over 16,000 vehicles per day. It serves a dense, infill suburban trade area where demand is primarily driven by daily commuting patterns and vehicle ownership, rather than discretionary retail traffic. Limited opportunities for new retail development and significant barriers to entry contribute to long-term stability and sustained demand for automotive services.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,300 SF
Building Class
C
Year Built/Renovated
1954/2026
Price
$2,044,000
Price Per SF
$385.66
Cap Rate
6.85%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.34 AC
Zoning
C - Commercial
Parking
15 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
161’ on North Broad St
Property Taxes
| Parcel Number | 35-00-01213-003 | Improvements Assessment | $134,240 |
| Land Assessment | $182,400 | Total Assessment | $316,640 |
Property Taxes
Parcel Number
35-00-01213-003
Land Assessment
$182,400
Improvements Assessment
$134,240
Total Assessment
$316,640
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