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- LoopNet Team
1135 Easton Rd
Willow Grove, PA 19090
AutoZone · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately guaranteed by AutoZone, an investment grade credit tenant rated “BBB” by Standard & Poor's.
- There is a built in 6% rental increase in year 6 and in each of the options to renew.
- Densely populated and growing area with 11,545 people within 1 mile, 97,572 people within 3 miles and 210,431 people within 5 miles.
- Property is at signalized intersection with excellent frontage and visibility situated along Easton Road/Route 611 and over 31,000 vehicles per day.
- Subject property is classified as one of AutoZone’s “hub” stores carrying a larger assortment of products that are delivered to local satellite stores
- Situated in an affluent area of Willow Grove with average household incomes over $87,000 within the 1 mile radius, $106,000 within the 3 mile radius.
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 1135 EASTON RD , WILLOW GROVE, PA 19090
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this AutoZone property located at a signalized intersection on Easton Road in Willow Grove, PA. This is a passive investment with 10 years remaining on a brand new NNN lease with the landlord only responsible for the structure. There are built-in 6% rental increases in year 6 and each of the three, five year and one, four year eleven months options to renew. The lease is corporately guaranteed by AutoZone, an investment-grade credit tenant, rated BBB by Standard & Poor's. This large 15,000 square foot AutoZone that is currently being renovated sits on 1.074 acres with excellent access and visibility for the 31,000 vehicles traveling by daily. This area boasts exceptional demographics with 11,545 people within 1 mile, 97,572 people within 3 miles, and 210,431 people within 5 miles. The population in this surrounding area has increased over the last 5 years and is projected to continue through 2024. It's also an affluent market, as the average household income is over $106,000 within 3 miles of the site and over $116,000 within 5 miles of the site. The Subject property is surrounded by national tenants including Best Buy, Fresenius Medical Care, The Home Depot, and Staples to name a few. The Willow Grove Park Mall, the third most profitable mall in the Philadelphia area anchored by Macy's, Sears and Bloomingdale's, is located just over one mile as the crow flies from the site. This brand new NNN lease, coupled with a newly renovated building and a strong surrounding area offers the ideal investment for the astute investor.
PROPERTY TAXES
| Parcel Number | 59-00-05491-003 | Improvements Assessment | $503,520 |
| Land Assessment | $377,030 | Total Assessment | $880,550 |
PROPERTY TAXES
