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- LoopNet Team
9990 Bustleton Ave
Philadelphia, PA 19115
AUTOZONE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately guaranteed by AutoZone, an investment grade credit tenant rated “BBB” by Standard & Poor's.
- The property is Ideally located at the signalized corner intersection of Bustleton Ave and Red Lion Road with combined traffic counts over.
- Densely populated and growing area with 26,531 people within 1 mile and 142,946 people within 3 miles.
- 13 years remain on the base term of a NNN ground lease with zero landlord responsibilities or expenses.
- There is a built in 5% rental increase in year 8 and 10% increases in each of the three, five year options to renew.
- Ground lease with replaceable rent, hard corner location, new construction building and more, makes this the ideal investment for the astute investor.
PROPERTY FACTS
ABOUT 9990 BUSTLETON AVE , PHILADELPHIA, PA 19115
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this AutoZone property located at the irreplaceable hard corner of Bustleton Ave and Red Lion Road in Philadelphia, PA. This is a completely passive property with 13 years remaining on the base term of a NNN ground lease with zero landlord responsibilities or expenses. There is a built in 5% rental increase in year 8 and 10% increases in each of the three, five year options to renew. The lease is corporately guaranteed by AutoZone, an investment-grade credit tenant, rated BBB by Standard & Poor's. This 4,000 square foot AutoZone sits on 0.73 acres with excellent access and visibility for the 41,000+ vehicles traveling by daily. This area boasts exceptional demographics with 26,531 people within 1 mile, 142,946 people within 3 miles and 398,346 people within 5 miles. The population in this surrounding area has increased over the last 5 years and is projected to continue through 2024. This is also a main retail corridor location with surrounding uses including McDonald’s, Chick-fil-a, Panera Bread, Walgreens, Wawa, Goodwill and BJ’s Whole Sale Club to name a few. This ground lease with replaceable rent, hard corner location, new construction building, tremendous population density with excellent visibility, lowers the risk profile of the property and makes this the ideal investment for the astute investor.
PROPERTY TAXES
| Parcel Number | 882070175 | Improvements Assessment | $1,857,200 |
| Land Assessment | $464,300 | Total Assessment | $2,321,500 |
PROPERTY TAXES
