2651 WHEATSHEAF LANE

$749,000

2651 WHEATSHEAF LANE

37,108 Sq.Ft.

Description

This is a fully leased Industrial Outdoor Storage (IOS) parcel, leased to a tow operator. The 5 year NNN lease states that tenant pays property taxes. Landlord pays liability insurance ($675/yr). The 5-year NNN lease started April 2024 and has a Renewal option at landlord's set rent for 5 years.
Expenses: Tenant pays taxes, insurance, maintenance, utilities, snow removal, etc.

This is a turnkey passive income play with built-in rent growth, perfect for 1031 buyers or investors who want simple mailbox money.
In-place Cap Rate 8.6% cap rate.

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Location

2651 WHEATSHEAF LANE, PHILADELPHIA, PA 19137

Status

Active Under Contract

Property Amenities

Area & Lot

Total area 37,108 Sq.Ft.

Lot Area 0.85 Acres

Living area 37,108 Sq.Ft.

MLS® ID PAPH2545596

Year Built 2025

School District PHILADELPHIA CITY

Type Land

Status Active Under Contract

Exterior

Air conditioning Other

Heat type Other

Water Source Other

Sewer Other

Parking None

Finance

Sales Price $749,000

Real Estate Tax $15,397 yearly

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$749,000