This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1935 S 4th St
Allentown, PA 18103
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
ABOUT 1935 S 4TH ST , ALLENTOWN, PA 18103
Checkers | Ground Lease | 12% Increase in 2018 CBRE is pleased to exclusively present for sale this Checkers Drive-In Restaurant located in Allentown, Pennsylvania. This is a triple net ground lease with 7 years remaining on the initial 10 year lease term. There are no landlord responsibilities or expenses. This lease boasts an upcoming 12% rental increase in 2018 and in each of the three, four year options and the one, four year eleven months option. This newly constructed building sits on South Fourth Street with two access points into the parking lot. The subject property was built in conjunction with the CVS pharmacy located adjacent to it, with additional surrounding retailers including Wells Fargo, Walgreens, Dollar General, Dunkin Donuts, and AutoZone. The immediate area boasts a dense population with over 100,000 people in the three mile radius and over 230,000 people in the five mile radius. It has shown growth over the last five years with a population increase of 2.62% which is projected to continue 1.91% through 2021.
PROPERTY TAXES
| Parcel Number | 640661180887-2 | Improvements Assessment | $668,600 |
| Land Assessment | $370,200 | Total Assessment | $1,038,800 |
PROPERTY TAXES
