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Service King | Reliable Tenant with Successful Operating History

$2,400,000

2101 28th Street Southwest, Allentown, PA 18103

Active
Last Updated: 05/14/2021

6.43

Cap Rate

154,300

NOI

Details:
Cap Rate:    6.43%
NOI:    $154,300
Building Size:    17,880 sqft
Lot Area:    1.81 acres
Lease Type:    Double Net
Year Built:    1987
Price Per Sqft:    $134.23
Roof & Structure:    Landlord’s Responsibility
HVAC:    Tenant’s Responsibility
Repairs & Maintenance:    Tenant’s Responsibility
Highlights:
  • New 15 Year Corporate Guaranteed Lease With 10% Rent Increases Every 5 Years
  • Reliable Tenant With a Successful Operating History Showing Long Commitment to the Site
  • Ideally Located Off Lehigh Street – a Dense Retail and Car Dealership Corridor Which Sees Over 25,965 Vehicles Per Day
  • Property is Conveniently Located Near the Exit Off I-78 Which Will Pull in Customers From All Over Allentown, Bethlehem and Easton
  • Over 92,414 Residents Making An Average Household Income of $66,398 Within a 3-Mile Radius of the Property
  • Minutes From the Allentown Municipal Airport and 20 Minutes to the Lehigh Valley International Airport
  • Home to Acme Cryogenics – North America’s Leading Manufacturer of Cryogenic Gas Equipment and Systems to the Food Freezing/Packaging, Pharmaceutical, Semiconductor, Aerospace, Medical Gas And Industrial Gas Industries
  • Quick Access to I-78 East Into New York (1.5 Hours) and I-476 South Into Philadelphia (1 Hour)
  • Nearby Tenants Include: TopGolf, Wendy’s, Acme Cryogenics, Home Depot, Gold’s Gym, McDonald’s, Verizon, Staples, Starbucks, Wells Fargo, Giant Food Stores, Dunkin’, SteinMart, GNC, Ross, Petco and Much More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 17,880 SF Service King Located at 2101 28th Street SW in Allentown, PA. This Opportunity Includes a Reliable Tenant With a Successful Operating History Showing Long Commitment to the Site, Providing For a Secure Investment.

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