1043 N Front St Philadelphia, PA

Listing Agency SRS Real Estate Partners | Philadelphia d***@srsre.com Show Phone

Listed by David Wirth Show Phone

Source Moodyscre

Added: Feb 27, 2025 Updated: Jul 10 at 11:45 am Checked: Jul 20 at 4:00 am

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Investment Insights

Based on property information with market context.

This is an opportunity to acquire the fee simple interest in a freestanding Carvana investment property located in Philadelphia, Pennsylvania. The property is absolute NNN leased. The tenant, Carvana, LLC, has approximately 17 years remaining on the lease, with 4 (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period. The property is 8104 square feet. The lease is absolute NNN with zero landlord responsibilities.

Key Highlights

• Absolute NNN lease with zero landlord responsibilities, offering a management‑free investment.
• Approximately 17 years remaining on the lease, indicating long‑term stability.
• Lease includes rent increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI, providing protection against inflation.

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FAQs

What type of property is this?

Car wash - NNN leased Carvana investment property with long-term commitment.

Where is this car wash located?

The property is located at 1043 N Front St Philadelphia, PA.

What is the asking price?

The asking price for this property is $15,171,000.

What are key features of this property?

This property features: Absolute NNN lease with zero landlord responsibilities, offering a management‑free investment.; Approximately 17 years remaining on the lease, indicating long‑term stability.; Lease includes rent increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI, providing protection against inflation.