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AutoZone - Oregon Ave - Philadelphia, PA 2101 W Oregon Ave 6,030 SF Retail Building Philadelphia, PA 19145 $2,304,762 ($382.22/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- This property may be purchased individually or as part of a five-property portfolio.
- Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities.
- New 2020 construction on a 0.55-acre lot.
- 9 years of term remaining backed by AutoZone (S&P: BBB).
- 10% increase in January 2030, plus three (3), five-year renewal options with additional 10% escalations.
- Signalized corner which sees a total of 55,000+ VPD on Oregon Ave and S 21st St.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale a 6,030 SF AutoZone located at 2101 Oregon Ave in Philadelphia, PA. This opportunity features an Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities and approximately 9 years of remaining term, backed by AutoZone (S&P: BBB). This strong credit tenancy, long-term stability, and passive lease structure make it an exceptional investment opportunity. Can be sold individually or part of a portfolio. Contact brokers for more details.
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,030 SF
Building Class
B
Year Built
2021
Price
$2,304,762
Price Per SF
$382.22
Cap Rate
5.25%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.55 AC
Zoning
CA1
AMENITIES
- Bus Line
- Corner Lot
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Autozone
- Services
- 6,030 SF
- $20.07
- Jan 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Autozone | Services | 6,030 SF | $20.07 | Jan 2035 |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
CONTACTS
-
Luke Wakefield -
Griffin Reath -
Thomas Gorman -
Sands Investment Group Atlanta, LLC
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