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TAKE 5 OIL CHANGE 18300 Conneaut Lake Rd

1,742 SF Retail Building Meadville, PA 16335 $2,809,360 CAD ($1,613 CAD/SF) 6.50% Cap Rate

Retail Space Pennsylvania Meadville 18300 Conneaut Lake Rd, Meadville, PA 16335

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Rent Increases Every 5-Years
  • Fee Simple Ownership of Land and Building allows for Depreciation
  • ±40,831 People within a 10-Mile Radius of the Property
  • Brand New Construction – Take 5 Oil Change 3-Bay Prototype
  • ±20,500 Vehicles Per Day on Conneaut Lake Rd
  • $89,720 Average Household Income in a 5-Mile Radius

Executive Summary

Broker of Record
Kyle Matthews
License No. RB068831 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,742 SF
Building Class
B
Year Built
2024
Price
$2,809,360 CAD
Price Per SF
$1,613 CAD
Cap Rate
6.50%
NOI
$182,608 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
0.83 AC
Frontage
201 ft on Conneaut Lake Road

Links

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Nearby Major Retailers

Citizens Bank
Giant Eagle
Starbucks
Hoss's Steak & Sea House
Applebee's
Five Guys
Perkins Restaurant & Bakery
Cracker Barrel Old Country Store
Snap Fitness
Ponderosa Steakhouse

PROPERTY TAXES

Parcel Number 65-0-052206 Improvements Assessment $6,085 CAD
Land Assessment $57,125 CAD Total Assessment $63,210 CAD

PROPERTY TAXES

Parcel Number
65-0-052206
Land Assessment
$57,125 CAD
Improvements Assessment
$6,085 CAD
Total Assessment
$63,210 CAD
(424) 220-7244

  • Listing ID: 33949500

  • Date on Market: 2024-11-21

  • Last Updated:

  • Address: 18300 Conneaut Lake Rd, Meadville, PA 16335

The Retail Property at 18300 Conneaut Lake Rd, Meadville, PA 16335 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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TAKE 5 OIL CHANGE | 18300 Conneaut Lake Rd
(424) 220-7244 x

TAKE 5 OIL CHANGE | 18300 Conneaut Lake Rd

Joseph Nelson

(424) 220-7244

(424) 220-7244

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