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50-54 Garrett Rd 12,000 SF Retail Building Upper Darby, PA 19082 $2,075,000 ($172.92/SF) 7.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN investment with zero landlord responsibilities.
- Recently exercised 5-year option with one additional option remaining.
- Dense population base of over 342,000 within 3 miles.
- Long-term tenant with over 15 years of operating history.
- Located near 69th Street Terminal with easy access to I-76 and PA Route 3.
EXECUTIVE SUMMARY
- Absolute NNN Investment for Sale!
- 5 Year Option Recently Exercised
- Long-Term Operating History: Tenant has Occupied Property for 15+ Years
- [1] 5 Year Option Remaining
- 3 Mile Population Over 342,000
- Close Proximity to I-76, PA-3, and 69th Street Terminal
- 5 Year Option Recently Exercised
- Long-Term Operating History: Tenant has Occupied Property for 15+ Years
- [1] 5 Year Option Remaining
- 3 Mile Population Over 342,000
- Close Proximity to I-76, PA-3, and 69th Street Terminal
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
1989
Price
$2,075,000
Price Per SF
$172.92
Cap Rate
7.54%
NOI
$156,468
Tenancy
Single
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.14 AC
Zoning
C-3 - Traditional Downtown Business District
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-03-00582-00 | Improvements Assessment | $530,730 |
| Land Assessment | $68,640 | Total Assessment | $599,370 |
PROPERTY TAXES
Parcel Number
16-03-00582-00
Land Assessment
$68,640
Improvements Assessment
$530,730
Total Assessment
$599,370
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50-54 Garrett Rd
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