AutoZone - Philadelphia, PA
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.
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.
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