Goodyear Auto Service - Net Lease Property for Sale
Clifton Heights, PA
Key Investment Metrics
Price
$2,688,000
Cap Rate
6.3%
Net Operating Income
$168,000
Building Size
8000 SF
Lot Size
8,000 SF
Land Area
0.65 Acres
Remaining Term
11.4 years
Lease Expiration
05/31/2037
Lease Term
64.6 years
Lease Commencement
11/14/1972
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1975
Occupancy
100%
Tenancy
Single
Rent Increases
5% every 5 years and in option 1, 10% in option 2
About This Goodyear Auto Service Net Lease Property
This Goodyear Auto Service NNN (triple net lease) property is located in Clifton Heights, PA and represents an excellent investment opportunity for commercial real estate investors. The property features 8000 square feet of building space and was built in 1975.
With a cap rate of 6.3%, this Goodyear Auto Service net lease property offers stable income potential. The asking price is $2,688,000, making it an attractive option for 1031 exchange investors seeking quality Goodyear Auto Service commercial properties.
Why Invest in Goodyear Auto Service NNN Properties?
- Stable Income: Goodyear Auto Service net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Goodyear Auto Service is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Clifton Heights, PA Market Overview
Located in Clifton Heights, PA, this Goodyear Auto Service property benefits from strong local demographics and market fundamentals. The Clifton Heights area offers excellent visibility and accessibility, making it an ideal location for Goodyear Auto Service operations and a solid investment for net lease property buyers.