7117 Marshall Road, Upper Darby, PA 19082

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant property leased to AutoZone (the "Property") in Upper Darby, Pennsylvania, just 5 miles west of Center City Philadelphia. AutoZone, an investment grade credit tenant (S&P: BBB), occupies the property under a fee simple, triple-net (NNN) lease and demonstrated long-term commitment to the site by executing an early five-year lease extension, resulting in over 11.5 years of remaining term. The triple-net (NNN) structure allows for a true hands-off ownership opportunity and the fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease. AutoZone is paying $61,548 in annual rent ($8.40 PSF), representing one of the lowest rental rates among AutoZone locations currently on the market. This below-market rent basis enhances long-term value and provides potential for future rental growth. Additionally, the bite-sized deal structure offers investors an accessible entry point into a national, investment-grade retailer tenancy. The tenant has operated at this location for over 28 years, cultivating a strong brand presence and deep-rooted identity within the local community, underscoring long-term tenant stability and investment security.

The Property is strategically positioned along Marshall Road, offering prominent frontage and exposure to approximately 23,200 vehicles per day, ensuring exceptional visibility and consistent traffic to support tenant performance. It is located in Delaware County, the 4th wealthiest county in Pennsylvania, providing access to one of the region's strongest demographic profiles. Within a 5-mile radius, the area is home to 721,000 residents and 298,000 households, with an average household income of $105,000, while the 3-mile trade area includes 363,000 residents and 144,000 households, supporting sustained demand and tenant performance.

Upper Darby is part of the Philadelphia MSA, which encompasses nearly 6.25 million residents, offering access to a large and diversified urban economy. The area's dense suburban setting, combined with strong transit connectivity to Philadelphia, further enhances accessibility, market visibility, and the property's long-term investment appeal.

The surrounding market is experiencing residential growth, with multiple apartment developments under construction or planned within a two-mile radius, projected to add over 150 new units over the next two years. This growth will increase population density, strengthen local consumer demand, and further support tenant performance.

AutoZone (NYSE: AZO) is the leading U.S. retailer and distributor of automotive replacement parts and accessories, backed by strong brand recognition and a resilient automotive aftermarket business model. In fiscal 2025, AutoZone reported record net sales of $18.9 billion and expanded its footprint with 195 net new U.S. stores, along with growth in Mexico and Brazil, reinforcing its position as a stable, long-term tenant.