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Auto Parts

AutoZone | 15 Years Remain | Philadelphia MSA | Affluent & Growing Bucks County

500 W Blooming Glen Dr, Perkasie, PA 18944

Listing Price: $1,600,000

Cap Rate
4.38%
Tenant Name
AutoZone
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
7,381
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.48

Investment Overview

The Tenant occupies a prominent corner parcel at the signaled intersection of North 5th Street and Blooming Glen Drive, which is being condominiumized into two units. In one of the units (approximately 1.3-acres), AutoZone will operate in a 7,381-square-foot store with prominent frontage and primary access via Blooming Glen Drive. The property is adjacent to a to-be-built 3,720-square-foot two-tenant retail strip which will have two national name brands. This will provide a secondary access point for AutoZone. Note the parcel size hasn’t been determined as Owner needs to subdivide. Acreage provided is an estimate based upon the property survey.

Investment Highlights

  • Prominent 1.3+/- Acre Signalized Corner Parcel
  • 15-Year Ground Lease with Increases
  • New Construction

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Parts

AutoZone | 15 Years Remain | Philadelphia MSA | Affluent & Growing Bucks County

Listing Price: $1,600,000

Cap Rate
4.38%
Tenant Name
AutoZone
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
7,381
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.48

Investment Highlights

  • Prominent 1.3+/- Acre Signalized Corner Parcel
  • 15-Year Ground Lease with Increases
  • New Construction

Investment Overview

The Tenant occupies a prominent corner parcel at the signaled intersection of North 5th Street and Blooming Glen Drive, which is being condominiumized into two units. In one of the units (approximately 1.3-acres), AutoZone will operate in a 7,381-square-foot store with prominent frontage and primary access via Blooming Glen Drive. The property is adjacent to a to-be-built 3,720-square-foot two-tenant retail strip which will have two national name brands. This will provide a secondary access point for AutoZone. Note the parcel size hasn’t been determined as Owner needs to subdivide. Acreage provided is an estimate based upon the property survey.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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