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Caliber Collision | Easton PA | 15 Year GL 2499 Northampton St 11,745 SF Retail Building Easton, PA 18045 $5,588,225 ($475.80/SF) 5.85% Cap Rate
Investment Highlights
- Caliber Collision is the Largest Collision Repair Chain in the US in terms of number of locations (1,800+)
- Zero Landlord Responsibilities with Tenant Self-Maintaining and Paying Tax & Insurance Directly
- Within 2.5 Miles of Walmart, Target, Home Depot, Wegmans, GIANT, Chick-Fil-A, ALDI and Wawa
- Brand New, Corporately Guaranteed, 15-Year Absolute Net Lease with 10% Bumps Every 5 Years
- E-Commerce-Resistant and Recession-Resistant Use That Qualifies for Accelerated Depreciation
- Subject Site Visible to 80,000VPD (estimated) on Northhampton, Nazareth, South 25th and Route 22
Executive Summary
New 15yr Corporate Absolute NNN
Investment highlights
Newly Renovated 11,875 SF building on 2.71 Acres in Easton, Pennsylvania
Brand New 15-Year Absolute NNN Lease with Zero Landlord Responsibilities
Corporate Guarantee from Caliber Collision, which is the largest collision repair chain in the U.S., with 1,850+ stores in 42 states
Located along Northampton St and Nazareth Rd, just off of Route 22 which carries over 86,000 cars per day between Allentown and Easton
Bulls-eye location in the center of Easton’s commercial area, within minutes of major anchor retailers and several car dealerships
Site is just down Nazareth Road from major retailers including Walmart, Sam’s Club, Target, Wegmans, Kohl’s, Petco, Chick-Fil-A, Panera, Chipotle, etc.
Easton is home to Lafayette College, a private liberal arts college with nearly 4,000 combined students, faculty and additional employees
Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
Investment highlights
Newly Renovated 11,875 SF building on 2.71 Acres in Easton, Pennsylvania
Brand New 15-Year Absolute NNN Lease with Zero Landlord Responsibilities
Corporate Guarantee from Caliber Collision, which is the largest collision repair chain in the U.S., with 1,850+ stores in 42 states
Located along Northampton St and Nazareth Rd, just off of Route 22 which carries over 86,000 cars per day between Allentown and Easton
Bulls-eye location in the center of Easton’s commercial area, within minutes of major anchor retailers and several car dealerships
Site is just down Nazareth Road from major retailers including Walmart, Sam’s Club, Target, Wegmans, Kohl’s, Petco, Chick-Fil-A, Panera, Chipotle, etc.
Easton is home to Lafayette College, a private liberal arts college with nearly 4,000 combined students, faculty and additional employees
Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
11,745 SF
Building Class
B
Year Built
1984
Price
$5,588,225
Price Per SF
$475.80
Cap Rate
5.85%
NOI
$326,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.71 AC
Zoning
GC - General Commercial
Parking
75 Spaces (6.35 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | L9-34-2-0324 | Improvements Assessment | $231,000 |
| Land Assessment | $98,600 | Total Assessment | $329,600 |
Property Taxes
Parcel Number
L9-34-2-0324
Land Assessment
$98,600
Improvements Assessment
$231,000
Total Assessment
$329,600
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