About This Restaurant
Investment Highlights
1 .5 Acres on Lehigh Avenue (21,000 vehicles per day) at a signalized intersection Perkins Restaurant Chain was founded in 1958 and now has 270+ locations in 32 US States Quick and easy access to major highways such as I-476 and the Lehigh Valley International Airport Pekins has been at this location for close to 20 years with deep roots in the immediate submarket Fastest growing region in Pennsylvania for the population in the 18-34 age group (6.5% Population Growth - #3 County in PA)
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 5,139
- Building Class B
- Year Built 1986
- Price 1,860,000
- Price Per SF 362
- Cap Rate 7.50
- NOI 139,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 1.00 AC
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 549552928604-1 | Improvements Assessment | $601,800 |
| Land Assessment | $655,800 | Total Assessment | $1,257,600 |
| Date Created: | 2024-07-16 04:18:12 | Last Updated: | 2024-07-16 04:18:12 |
| Address: | 3400 Lehigh St , Allentown, Pennsylvania, 18103 | ||