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29151719
29151720

2101 Oregon Ave, Philadelphia, PA 19145 For Sale

GR
PA RS369784
SIG Sands Investment
LW
GA 361563
Sands Investment Group
TG
PA RM424383, OK
Sands Investment Group Philadelphia
Listed by SIG Sands Investment, Sands Investment Group, Sands Investment Group Philadelphia
$2,304,762
199 days on market
Updated 3 days ago

AutoZone - Philadelphia, PA

Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 6,030
Cap Rate 5.25%
NOI $121,000
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/06/2035
Remaining Term 8.5
Rent Bumps Yes
Lease Options 3 x 5 Year Extensions
Price per SqFt $382
Year Built 2021
Acreage 0.550
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/07/2020
Ground Lease Yes

AutoZone | 5.25% CAP | 6,030 SqFt

Marketing description

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.

LEARN MORE HERE

Investment highlights

  • This property may be purchased individually or as part of a five-property portfolio. See the following page or contact the broker for additional details.

  • Investment Grade Tenant and Corporate Guarantee: ~9 years of term remaining backed by AutoZone (S&P: BBB).

  • Hands-Off Investment Opportunity: Absolute Triple Net (NNN) Ground Lease with zero landlord responsibilities.

  • Built-in Rent Growth: 10% increase in January 2030, plus three (3), five-year renewal options with additional 10% escalations.

  • Modern 2020 Build: New 2020 construction on a 0.55-acre lot.

  • High-Traffic Signalized Corner: Signalized corner which sees a total of 55,000+ VPD on Oregon Ave and S 21st St.

  • Excellent Demographics: 345,000+ population, average household incomes of $103,000+, and average home values of $460,000+ within 3-miles.

  • Immediate Access to Major Highways: Less than 1 minute from major highway I-76, Penrose Ave, which connects to I-95 and Broad St, which is the main north–south roadway through downtown Philadelphia.

  • Strong Retail Trade Area: Surrounded by multiple shopping centers with tenants such as ALDI, Home Depot, ShopRite, BJ’s, Sprouts Farmers Market, McDonald’s, Acme, Planet Fitness, Dunkin, and more.

  • Near Major Sports Complexes: ~1 mile from Philadelphia's Stadium Complexes, which host the Eagles, Phillies, Flyers, and 76ers.

  • Proximity to the Bellwether District: Less than 1 mile from Philadelphia's Bellwether district, a 1,300-acre master-planned redevelopment project that will deliver millions of square feet of modern industrial space, biotech facilities, and sustainable commercial infrastructure, plus thousands of jobs over the next 10 years.

Listing Contacts

GR
PA RS369784
SIG Sands Investment
LW
GA 361563
Sands Investment Group
TG
PA RM424383, OK
Sands Investment Group Philadelphia
Listed by SIG Sands Investment, Sands Investment Group, Sands Investment Group Philadelphia

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$121,000.00
$10,083.33/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Tom Gorman
License
PA #RM424383
Title
Broker of Record
Name
Griffin Reath
License
RS369784
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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